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- EUR/CHF bounces from 1.0469, currently trades at 1.0512, day's range
- Solid resistance by 1.0508 (30-day upper bollinger-band) likely to cap gains
- "The outlook for the cross remains bearish below the 1.0500 level (2015 downtrend)" says Karen Jones, Head of FICC Technical Analysis at Commerzbank
- The pair to find support on the downside at 1.0460 (Daily Low Jul 22), below which it could extend fall to 1.0420 levels
R3: 1.0546 (Spike High Jun 25)
R2: 1.0540 (Daily High Jun 11)
R1: 1.0508 (30-Day Upper Bollinger)
Support Levels:
S1: 1.0460 (Daily Low Jul 22)
S2: 1.0428 (Daily Low Jul 21)
S3: 1.0405 (Ichimoku Cloud Base)
