EUR/CHF chart - Trading View
EUR/CHF grinds lower for the second straight week, bias bearish.
The pair is extending marginal gains ahead of EMU final June CPI data.
We see little scope for upside. Technical bias is strongly bearish.
Double bottom at 1.1056 (June 20th and July 16th) could see some bounce back.
Stiff resistance lies at 21-EMA at 1.1123. Upside continuation only on break above.
Price action has slipped below 200W SMA which opens up downside for the pair.
We see little support till 1.0830 (June 2017 low). Scope for further weakness on break below.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
