EUR/CHF chart - Trading View
EUR/CHF was trading 0.07% higher on the day at 1.0840 at around 07:35 GMT.
The pair is consolidating previous session slump, scope for further downside.
Price action has found some support at channel base at 1.0830, further weakness only on break below.
Momentum is bearish. Stochs and RSI are sharply lower and volatility is rising as evidenced by widening Bollinger bands.
Breach below 200-DMA has opened downside in the pair. Break below channel base will drag prices lower.
GMMA indicator shows major and minor trend are bearish on the daily charts. The pair is in a major downtrend and bearish negation only above 55-month EMA.
