FxWirePro: EUR/CHF Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis: Bias Bullish

- EUR/CHF is extending upside for the 6th straight session

- The pair is consolidating break above 55-EMA, MACD supports upside

- Price action has entered into daily cloud, Chikou span is biased higher

- Momentum is bullish and volatility is high and rising

- GMMA indicator shows major trend is bearish, but minor trend is bullish

Support levels - 1.0474 (55-EMA), 1.0458 (5-DMA), 1.0418 (21-EMA)

Resistance levels - 1.0561 (21-week EMA), 1.0590 (20-week MA), 1.06

Summary: EUR/CHF trades with a bullish bias, scope for test of 1.0560.