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FxWirePro: EUR/CHF struggles at channel top resistance, breaks below 200H MA

EUR/CHF chart - Trading View EUR/CHF was trading 0.11% lower on the day at 1.0954 at around 09:20 GMT. The pair was rejected at channel top resistance, gravestone doji formation dents upside. Price action is extending do…

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FxWirePro: EUR/CHF struggles at channel top resistance, breaks below 200H MA
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EUR/CHF chart - Trading View 

EUR/CHF was trading 0.11% lower on the day at 1.0954 at around 09:20 GMT.

The pair was rejected at channel top resistance, gravestone doji formation dents upside.

Price action is extending downside in slopping channel pattern and rejection at channel top has raised scope for downside.

RSI has turned lower and Stochs are on verge of rollover from near overbought levels.

The pair is holding support at 55-EMA at 1.0953, break below will plummet prices further.

Scope for dip till 200-DMA at 1.0882, bearish invalidation only above daily cloud. 
 

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