FxWirePro: EUR/CHF grinds lower to test new nine-day low, further weakness on cards

Chart - Courtesy Trading View 

Technical Analysis:

- EUR/CHF was trading 0.24% lower on the day at 1.0204 at around 13:00 GMT

- The pair is on a bearish streak for the 6th straight session, hits fresh 9-day lows

- Price action is below major moving averages which are trending lower

- GMMA indicator shows major and minor trend are strongly bearish

- Momentum is with the bears and volatility is high

Support levels - 1.0131 (Lower W BB), 1.01, 0.9971 (yearly low)

Resistance levels - 1.0228 (20-DMA), 1.0245 (5-DMA), 1.0273 (21-EMA)

Summary: EUR/CHF trades with a bearish bias.