Chart - Courtesy Trading View
Technical Analysis:
- EUR/CHF was trading 0.50% higher on the day at 0.9931 at around 11:00 GMT
- Price action has edged above 200H MA, GMMA indicator has turned bullish on the hourly charts
- The pair has snapped a 3-day bearish streak and has retraced dip below 55-EMA
- MACD and ADX are turning bullish, Chikou span is also biased higher
- Momentum is bullish, Stochs and RSI are biased higher
Support levels:
S1: 0.9901 (21-EMA)
S2: 0.9832 (200-DMA)
Resistance levels:
R1: 0.9956 (Cloud top)
R2: 0.9998 (55-week EMA)
Summary: EUR/CHF trades with a neutral bias. Decisive break above daily cloud could change near-term dynamics.
