EUR/CHF chart - Trading View
EUR/CHF was trading 0.08% higher on the day at 1.0595 at around 07:10 GMT, after closing 0.40% higher in the previous session.
Price action is struggling to break past 1.06 mark which is stiff resistance being converged 55-EMA and daily cloud.
Technical indicators are turning bullish. Stochs and RSI are biased higher and RSI has edged above the 50 mark.
Bullish RSI divergence and MACD line crossover on the signal line add to the bullish bias.
Analysis of the GMMA indicator shows minor trend is turning bullish. Volatility is also rising on the daily charts.
Break out at 1.06 handle will fuel further gains. Next hurdle for bulls lies at 23.6% Fib at 1.0650 ahead of 110-EMA at 1.0680.
On the flipside, failure to break above 1.06 and retrace below 21-EMA will see bearish resumption.


US Gas Market Poised for Supercycle: Bernstein Analysts
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Bank of America Posts Strong Q4 2024 Results, Shares Rise
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 



