EUR/CHF chart - Trading View
Technical Analysis: Bias Bearish
- EUR/CHF was trading largely unchanged at 1.0845 at around 05:30 GMT
- The pair is struggling to carry forward its overnight gains
- Price action has bounced off channel base support
- 5-DMA has turned and is supporting the pair at 1.0842
- MACD is on verge of bullish crossover on signal line
- Price action is moving away from the lower Bollinger band
- The pair has edged above 200H MA and GMMA indicator shows a bullish shift on the intraday charts
Support levels - 1.0841 (200H MA), 1.08 (Channel base), 1.0776 (76.4% Fib)
Resistance levels - 1.0876 (21-EMA), 1.0887 (200-DMA), 1.0915 (55-EMA)
Summary: EUR/CHF trades with a neutral bias. Bounce off channel base support raises scope for upside continuation. Retrace above 200-DMA will confirm further upside.
