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EUR/CHF chart - Trading View
EUR/CHF breaks above 21-EMA to hit fresh monthly highs at 1.1247.
Price action has retraced slightly from highs and is trading muted at 1.1232 at 07:15 GMT, bias bullish.
Technical indicators support upside in the pair. 5-DMA is sharply higher and the pair has edged above 23.6% Fib.
Stochs and RSI have rolled over from oversold levels and are biased higher.
The pair has bounced off strong support at falling trendline with a Doji formation, scope for further gains.
Break above 21-EMA has opened upside till 38.2% Fib at 1.1255 ahead of upper Bollinger Band at 1.13.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
