Chart - Courtesy Trading View
Technical Analysis:
- EUR/CHF was trading 0.39% lower on the day at 0.9902 at around 11:40 GMT
- The pair has hit fresh multi-year lows below 0.99 handle
- MACD and ADX support downside in the pair, momentum is bearish and volatility is high
- GMMA indicator shows major and minor trend are bearish
- Price action is below cloud and Chikou span is biased lower
Support levels:
S1: 0.9833 (Lower BB)
S2: 0.98
Resistance levels:
R1: 0.9974 (5-DMA)
R2: 1.0114 (21-EMA)
Summary: EUR/CHF is trading with a strong bearish bias. Scope for dip till 0.9833 (Lower BB).
