EUR/CHF chart - Trading View
Technical Analysis: Bias Bullish
- EUR/CHF was trading 0.19% higher on the day at 1.1055 at around 09:10 GMT
- Momentum studies a are bullish. Stochs and RSI are bias higher, RSI is above 50
- Price action is above cloud and pullbacks have held cloud support
- GMMA indicator shows major trend is bullish and minor trend is turning bullish
- Volatility is high as evidenced by widely spread Bollinger bands
Support levels - 1.1037 (5-DMA), 1.1031 (21-EMA), 1.1025 (Trendline)
Resistance levels - 1.1080 (Trendline), 1.11 (psychological mark), 1.1147 (200W MA)
Summary: EUR/CHF is resuming upside after pullbacks have held support at daily cloud. Scope for test of 200W MA at 1.1147. Watch out for decisive break above to propel the pair higher.
