Chart - Courtesy Trading View
Technical Outlook: Bullish
- EUR/CHF was trading 0.18% higher on the day at 1.0286 at around 13:00 GMT
- The pair is extending bounce off 20-DMA support, outlook is bullish
- Price action has edged above 200H MA and GMMA indicator has turned bullish on the intraday charts
- The pair has ignored Doji formation in the previous session and broken above 55-EMA
- Momentum is bullish, Stochs and RSI are biased higher, RSI is well above the 50 mark
Support levels:
S1: 1.0268 (55-EMA)
S2: 1.0240 (21-EMA)
Resistance levels:
R1: 1.03
R2: 1.0348 (110-EMA)
Summary: EUR/CHF trades with a bullish bias. Scope for test of 110-EMA at 1.0348.
