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EUR/CHF chart - Trading View
EUR/CHF is set to resumes weakness as recovery attempts in the pair have been rejected at stiff resistance at 55-EMA and daily cloud.
The pair was trading 0.05% lower on the day at 1.0541 at around 06:00 GMT, bias bearish.
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Technical studies support weakness in the pair. Analysis of GMMA indicator shows major trend is bearish and minor trend is neutral.
The pair is holding support at 20-DMA at 1.0541, break below will see further downside. 5-DMA caps upside at 1.0559. Bearish invalidation only above 55-EMA.
