EUR/CHF chart - Trading View
EUR/CHF was trading 0.15% higher on the day at 1.0759 at around 10:45 GMT, outlook remains bearish.
The pair has paused 5-day bearish streak and has edged higher after upbeat German retail sales and eurozone PMI data support the euro.
German retail sales increased much more than expected in June, data released by the Federal Statistics Office showed earlier on Monday.
German retail sales rose 4.2% on the month in real terms after an upwardly revised jump of 4.6% in May, beating forecasts at 2.0% by a large margin.
According to the latest data released by Markit, eurozone July final manufacturing PMI printed at 62.8 vs 62.6 in the preliminary reading.
The single currency buoyed after upbeat data. Price action has bounced off major trendline support at 1.0740.
Technical bias is strongly bearish, but oversold oscillators might cause some retrace in price from lows.
A potential 'Death Cross' (bearish 50-DMA crossover on 200-DMA) is likely to keep upside limited.
Break below trendline support will plummet prices. Next major bear target lies at 88.6% Fib at 1.0716.


FxWirePro: GBP/AUD gains some upside momentum but still bearish
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
FxWirePro: GBP/NZD gains some ground but bias is still bearish
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters
FxWirePro- Woodies pivot (Major)
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity 



