FxWirePro: EUR/CHF recovery capped at 20-DMA, break below 100-DMA to see further downside

EUR/CHF chart - Trading View 

• EUR/CHF has retraced from session highs at 1.1350 and is currently trading at 1.1342 at 1145 GMT.
   
• Recovery in the pair has been capped at 20-DMA, price has slipped below 55-EMA.
   
• Technicals on daily charts are biased lower. RSI is below 50, Stochs are sharply lower.
   
• Pair eyes 100-DMA at 1.1333. Break below 100-DMA will confirm weakness. Dip till 61.8% Fib at 1.1282 then likely.
   
• On the flipside, break above 20-DMA will see next major resistance at 110-EMA at 1.1356 ahead of trendline resistance at 1.1375.

Support levels - 1.1333 (100-DMA), 1.1313 (50% Fib), 1.1282 (61.8% Fib)

Resistance levels - 1.1351 (20-DMA), 1.1356 (110-EMA), 1.1375 (trendline)

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