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Chart - Courtesy Trading View
Technical Analysis:
- EUR/CHF was trading 0.18% lower on the day at 0.9836 at around 10:40 GMT.
- The pair has slipped below 21-EMA support, raising scope for further upside
- MACD shows bearish crossover on signal line. Chikou span is also biased lower
- Stochs and RSI support downside, momentum is bearish and volatility is high
- Price action has slipped below 200H MA, GMMA indicator has turned bearish on the intraday charts
Support levels - 0.9840 (21-EMA), 0.9792 (55-EMA)
Resistance levels -0.9855 (110-EMA), 0.9879 (5-DMA)
Summary: EUR/CHF poised to extend weakness. Bears target 55-EMA at 0.9792.
