FxWirePro: EUR/CHF pauses upside at 23.6% Fib, 21-EMA at 1.1228 in sight

EUR/CHF chart - Trading View 

EUR/CHF is trading 0.13% higher on the day at 1.1210 at 06:00 GMT, bias bullish.

The pair has held 5-DMA support on the downside, minor weakness likely on break below.

Technical indicators support upside in the pair. 5-DMA has turned and the pair has edged above 23.6% Fib.

Stochs and RSI have rolled over from oversold levels and are biased higher.

The pair has bounced off falling trendline support with a Doji formation, scope for further gains.

21-EMA at 1.1228 in sight. Break above will see extension of gains till 38.2% Fib at 1.1255.

Support levels - 1.1187 (5-DMA), 1.1161 (Mar 29 low), 1.1140 (trendline)

Resistance levels - 1.1228 (21-EMA), 1.1255 (38.2% Fib), 1.1276 (55-EMA)

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.