Chart - Courtesy Trading View
EUR/CHF grinds higher, ignores Doji formation in the previous session.
The pair has hit fresh 7-week highs above 0.98 handle, outlook is bullish.
Price action is on verge of cloud breakout, confirmation will fuel further gains.
The pair has edged above 200H MA and GMMA indicator has turned bullish on the intraday charts.
Momentum is bullish, Stochs and RSI are biased higher. Volatility is high and rising.
Support levels:
S1: 0.9737 (5-DMA)
S2: 0.9719 (55-EMA)
Resistance levels:
R1: 0.9832 (21-week EMA)
R2: 0.9849 (110-EMA)
Summary: EUR./CHF trades with a bullish bias. Next major resistance lies at 110-EMA at 0.9849.
