Chart - Courtesy Trading View
EUR/CHF slumped below 21-EMA aeurcs the Swiss Franc soared across the board on SNB Jordan’s comments.
The pair refreshed monthly lows below 0.98 handle and was trading 0.60% lower at 0.9772 at around 16:10 GMT.
Chairman of the Governing Board of the Swiss National Bank, Thomas Jordan said earlier on Friday the central bank is reading to take all necessary measures to bring inflation back into the range of price stability.
He mentioned the SNB has to take action and mentioned monetary policy is not sufficiently restrictive enough.
The pair has retraced below 110-EMA.Momentum is bearish, Stochs and RSI are sharply lower.
MACD confirms bearish crossover on signal line and ADX supports downside. Chikou span is biased lower.
Support levels - 0.9756 (20-week MA), 0.9634 (Daily cloud)
Resistance levels - 0.9833 (21-EMA), 0.9853 (5-DMA)
Summary: EUR/CHF trades with a bearish bias. Daily cloud at 0.9634 in sight.


FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: NZD/USD downside pressure builds, key support level in focus
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
FxWirePro- Major Crypto levels and bias summary
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro- Major Crypto levels and bias summary 



