Chart - Courtesy Trading View
EUR/CHF was trading 0.62% lower on the day at 0.9953 at around 12:00 GMT. The single currency remains unimpressed by upbeat ZEW surveys.
The pair is extending weakness for the 3rd consecutive session, outlook remains bearish. Scope for further downside.
Earlier in the session, final Germany inflation figures showed the CPI contracted 0.8% MoM in December and ws up 8.6% over the last twelve months.
The German ZEW headline numbers showed that the Economic Sentiment Index came in at 16.9 in January from -23.3 in December, beating expectations of -15.5.
Meanwhile, the Current Situation Index printed at -58.6 from -61.4 but missed the market expectation of -57.0
Further, the ZEW Economic Sentiment Index for the Eurozone for the same period rose to 16.7 from -23.6.
Technical bias for the pair is turning bearish. Price action has slipped below 200H MA. RSI show bearish rollover from overbought levels.
Price action has slipped below 5-DMA and is on track to test 200-DMA at 0.9931. Break below 200-DMA will drag the pair lower.


FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: GBP/AUD bears maintain upper hand
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD gains some ground but outlook is bearish
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro:USD/JPY hovers near a four-decade low 



