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Chart - Courtesy Trading View
Technical Analysis:
- EUR/CHF was trading 0.13% higher on the day at 0.9934 at around 11:20 GMT
- The pair has paused 4-day bearish streak, finds strong support at 55-EMA
- 5-DMA is sharply lower and caps upside in the pair
- GMMA indicator is bearish trend on intraday charts, but neutral on the dailies
- RSI is above 50 mark and biased higher, but Stochs are sharply lower
Support levels:
S1: 0.9914 (55-EMA)
S2: 0.9899 (110-EMA)
Resistance levels:
R1: 0.9945 (5-DMA)
R2: 0.9953 (200H MA)
Summary: EUR/CHF pivotal at 55-EMA support, further weakness only on break below.
