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FxWirePro: EUR/CHF extends gains for the 3rd straight session, break above daily cloud to buoy bulls

EUR/CHF chart - Trading View 

EUR/CHF was trading 0.16% higher on the day at 1.0829 at around 10:45 GMT, outlook is bullish.

The pair is extending gains for the 3rd consecutive session, refreshes weekly highs.

Price action has broken out of daily cloud and is above major moving averages. 

Stochs and RSI are biased higher. RSI is above the 50 mark and MACD supports uptrend.

Volatility is high and momentum is bullish, scope for further gains as price breaks above cloud.

Next major bull target lies at 1.0885 (trendline). Failure to close above cloud will negate any upside bias. 
 

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