Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EUR/CHF refreshes 7-year low, outlook bearish

Chart - Courtesy Trading View 

Technical Analysis:

- EUR/CHF was trading 0.39% lower on the day at 0.9902 at around 11:40 GMT

- The pair has hit fresh multi-year lows below 0.99 handle 

- MACD and ADX support downside in the pair, momentum is bearish and volatility is high

- GMMA indicator shows major and minor trend are bearish

- Price action is below cloud and Chikou span is biased lower

Support levels:

S1: 0.9833 (Lower BB)

S2: 0.98 

Resistance levels:

R1: 0.9974 (5-DMA)

R2: 1.0114 (21-EMA)

Summary: EUR/CHF is trading with a strong bearish bias. Scope for dip till 0.9833 (Lower BB).
 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.