EUR/CHF chart - Trading View
Technical Analysis: Bias Bearish
Daily Chart:
- GMMA shows major and minor trend are sharply bearish
- Parabolic SAR supports weakness, Stochs and RSI are sharply lower
- Volatility is rising, 21-EMA caps upside and price has retraced below 5-DMA support
- 'Death Cross' on the hourly charts to plummet prices further
1H Chart:
- Price action is below 200H MA and hourly cloud
- Volatility is rising as evidenced by widening Bollinger Bands
- GMMA shows major trend is neutral, while minor trend is bearish
Major Support Levels - 1.0550 (61.8% Fib), 1.0280 (May 2015 low)
Major Resistance Levels - 1.0578 (200H MA), 1.0606 (21-EMA)
Summary: Further weakness in the pair likely. Drag till 1.0280 (May 2015 low) likely. Upticks could be used to accumulate short positions. Decisive breakout at 200-DMA (currently at 1.0895) could negate near-term bearish bias.


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