EUR/CHF chart - Trading View
EUR/CHF was trading 0.22% lower on the day at 1.0997 at around 12:30 GMT.
The pair failed to hold on to initial gains and recovery has been rejected at session highs at 1.1030.
Price action has slipped below 200H MA and GMMA indicator shows intraday bias has shifted bearish.
55-month EMA has proved to be tough resistance to break. The pair has been languishing below for the 3rd consecutive month.
Momentum indicators have turned bearish. Stochs and RSI are biased lower. MACD also supports downside in the pair.
Next major support lies at 55-EMA at 1.0984. Break below will see test of 38.2% Fib at 1.0963 ahead of cloud base at 1.0945.
