- EUR/CHF has shown a decisive break below 200-DMA, raising scope for further weakness.
- The pair is extending downward spiral from 1.20 handle hit in April month, on track for 4th straight week of losses.
- Upside in the pair was rejected at session highs at 1.1634 and 200-DMA at 1.1648 weighs on the upside.
- Price action has dipped below daily cloud and major exponential moving averages.
- Momentum studies are biased lower and bearish divergence keeps scope for further downside.
- Next major bear target lies at 1.1476 (38.2% Fib). Violation there could see further weakness.
- On the flipside, 200-DMA is immediate resistance. Retrace above could see test of 110-EMA at 1.1735.
Support levels - 1.1581 (May 23 low), 1.15, 1.1476 (38.2% Fib), 1.1446 (2018 low)
Resistance levels - 1.1648 (200-DMA), 1.1678 (23.6% Fib), 1.1735 (110-EMA)
Call update: Our previous call (https://www.econotimes.com/FxWirePro-EUR-CHF-Trade-Idea-1321960) has hit all targets.
Recommendation: Book partial profits at lows, trail SL to 1.1680, hold for further weakness. Targets extended to 1.15/ 1.1475/ 1.1450
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest.


FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro- Major European Indices
FxWirePro: USD/CNY downside pressure builds, key support level In focus
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Major US Indices
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Major Crypto levels and bias summary
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 



