EUR/CHF chart - Trading View
EUR/CHF was trading 0.31% lower on the day at 1.0565 at around 11:15 GMT, bias is bearish.
The single currency remains depressed on worsening coronavirus situation. Euro dented further after poor Germany and Italy manufacturing PMI data.
Also, the ECB Governing Council member Ignazio Visco said on Tuesday that it is ready to consider all options available within its mandate to support the economy in the current coronavirus crisis.
The German Manufacturing PMI for March printed at 45.4, missing estimates at 45.5 and compared to a prior reading of 45.7.
Italy Manufacturing PMI for March printed at 44.5, missing estimates at 44.7 and compared to a prior reading of 44.8.
Technical indicators have turned bearish after rejection at 50-DMA. Stochs and RSI are now biased lower.
Immediate support is seen at 61.8% Fib at 1.0550. Break below will see test of new multi-year lows.
21-EMA is immediate resistance at 1.0592. Break above 50-DMA required for near-term bearish invalidation.


US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
Energy Sector Outlook 2025: AI's Role and Market Dynamics
Iran Unrest Sparks Oil Rally — Bounce Off EMA, Buy Dips to $66.40 Glory
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
FxWirePro: USD/ZAR dips below lower range, bearish bias increases
AUDJPY Powers Above 109 – Yen Weakness Fuels Aussie Bulls
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
NZDJPY Breaks 94: Bulls Charge as Kiwi Roars Back
USD/CHF Pauses After 200-Pip Rally — Buy Dips Near 0.775, Target 0.790
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
EURJPY Breaks Above 184 – Euro Bulls Charge Toward 187
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 



