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FxWirePro: EUR/CHF Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis: Bias Bearish

- EUR/CHF was trading 0.68% lower on the day at 1.0369 at around 11:45 GMT

- The pair is on a downside streak for the 3rd straight session, eyes 110-EMA support at 1.0356

- Upside was rejected at 200-DMA which is major resistance at 1.0490

- Stochs and RSI show bearish rollover from overbought levels

- Price action has slipped below 200H MA and GMMA shows major and minor trend are bearish on the intraday charts

Support levels:

S1: 1.0356 (110-EMA)

S2: 1.0327 (21-EMA)

Resistance levels:

R1: 1.0439 (5-DMA)

R2: 1.0490 (200-DMA)

Summary: EUR/CHF eyes 110-EMA support at 1.0356. Watch out for break below for further downside. Bullish continuation only above 200-DMA.
 

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