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FxWirePro: EUR/CHF Daily Outlook

Chart - Courtesy Trading View 

Spot Analysis:

EUR/CHF was trading 0.08% higher on the day at 1.0434 at around 09:30 GMT

Previous Week's High/ Low: 1.0455/ 1.0367

Previous Session's High/ Low: 1.0442/ 1.0391

Technical Analysis:

- EUR/CHF is extending previous session's gains

- The pair is extending gains for the 2nd straight session

- Price action is testing 21-EMA resistance

- The pair is now trading above 200H MA

- RSI is on verge of bullish rollover from oversold levels on the weekly charts

- Bullish RSI divergence on the daily charts adds to the upside bias

Major Support and Resistance Levels:

Support - 1.0423 (200H MA), Resistance - 1.0446 (21-EMA)

Summary: EUR/CHF is pivotal at 21-EMA resistance. Watchout for decisive break above for further upside. 
 

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