EUR/CHF chart - Trading View
EUR/CHF was trading largely unchanged at 1.1150 at 06:45 GMT.
Speculation about a new ECB bond-buying scheme weighs on the single currency, keeping upside capped.
The euro also dented by dismal Euro-zone Sentix Investor Confidence Index, which deteriorated further and fell to the weakest level since November 2014.
Technical indicators for the pair however are turning slightly bullish, Stochs are biased higher.
MACD shows a bullish crossover on signal line. 5-DMA has turned North.
The pair finds stiff resistance at 21-EMA at 1.1145. Decisive breakout above required for further upside.
Next major resistance aligns at 55-EMA AT 1.1203 ahead of 38.2% Fib at 1.1217.
Major trend in the pair is bearish. Failure to break above 21-EMA will see resumption of weakness.
Support levels - 1.1139 (20-DMA), 1.1082 (June 28 low), 1.1048 (Lower BB)
Resistance levels - 1.1203 (55-EMA), 1.1217 (38.2% Fib), 1.1264 (June 12th high)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
