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  |   Technicals


FxWirePro: EUR/CHF Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis: Bias Bearish

- EUR/CHF was trading unchanged at 1.0102 at around 10:05 GMT

- The pair has erased early gains and has slipped lower from session highs at 1.0139

- 5-DMA is sharply lower and caps upside in the pair

- Momentum is bearish, Stochs and RSI are sharply lower and RSI is below 50 mark

- GMMA indicator shows major and minor trend are strongly bearish

Support levels:

S1: 1.0060 (Lower BB)

S2: 1.00

Resistance levels:

R1: 1.0139 (5-DMA)

R2: 1.0227 (200H MA)

Summary: EUR/CHF trades with a bearish bias. Recovery capped at 5-DMA. Scope for test of fresh yearly lows below 1.00 handle. 

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