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FxWirePro- Woodies pivot (Major) 
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EUR/CHF chart - Trading View
- EUR/CHF is trading in an extremely narrow range, bias remains bearish.
- Recovery in the pair was rejected at highs and 'Gravestone Doji' formation seen on Monday's candle.
- Price action below cloud and major moving averages. Weekly charts also support downside.
- Oscillators are at oversold levels, but we do see any major signs of reversal.
- Focus now on German GFK consumer confidence index for further impetus.
- The market-research group GfK's monthly survey is expected to show that German consumer sentiment will remain stable in April.
- An above-forecast German GFK consumer confidence could support the euro higher.
Support levels - 1.1212 (88.6% Fib), 1.1183 (trendline), 1.1123 (200W SMA)
Resistance levels - 1.1244 (76.4% Fib), 1.1258 (5-DMA), 1.13
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
