EUR/CHF chart - Trading View
Technical Analysis: Bias Bearish
Support: 1.0624 (Feb 22, 2017 low); Resistance: 1.0695 (200H MA)
EUR/CHF edges higher from fresh multi-year lows. bias strongly bearish.
The pair was trading 0.05% higher on the day at 1.0668 at around 10:25 GMT.
Prices have edged slightly higher from session lows at 1.0656 as the pair bounces off lower Bollinger band.
Major and minor trend in the pair as evidenced by the GMMA indicator are strongly bearish.
Price action is below cloud and major major moving averages on the weekly charts and volatility is rising.
Scope for a deeper retracement with next bear target at 1.0624 (Feb 22, 2017 low).
5-DMA is immediate resistance at 1.0686. Break above could see gains till 21-EMA at 1.0720.
