EUR/CHF chart - Trading View
EUR/CHF slumps over 0.50% on the day, breaches 200-DMA support and tests 61.8% Fib at 1.0847.
The pair hit 5-month lows at 1.0838 before paring some losses to trade at 1.0852 at around 10:50 GMT.
Markets await ECB's release of Accounts from the latest meeting. Focus on Lagarde's conference on the results of the ECB strategy review.
According to reports, the ECB policymakers have agreed to raise their inflation goal to 2% and allow room to overshoot it when needed.
Fresh COVID-19 jitters took its toll on the global risk sentiment and benefitted the safe-haven CHF. While euro depressed as markets remain skeptical about the ECB's ability to generate an inflation overshoot.
EUR/CHF technical bias turns strongly bearish on break below 200-DMA. Bears eye channel base support at 1.0830.
Momentum is bearish, Chikou span is biased lower, MACD shows bearish crossover on signal line, ADX also supports weakness.
Price action has tested 61.8% Fib, violation at channel base support will plummet prices. Next bear target lies at 76.4% Fib at 1.0776.


FxWirePro: USD/CAD slips as oil rally boosts loonie
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro- Major US Indices
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major European Indices
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro- Major Pair levels and bias summary
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 



