FxWirePro: EUR/CHF pauses 4-day bearish streak, 55-EMA offers strong support

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.