EUR/CHF chart - Trading View
- EUR/CHF has held major support at 200-DMA (currently at 1.1343).
- The pair has paused upside after 3 straight sessions of gains and is trading at 1.1415, down 0.03% at 0655 GMT.
- Technical indicators are biased higher and we see scope for further upside.
- We see some resistance at Upper Bollinger Band at 1.1454. Next major bull target lies at 1.1484 (nearly converged trendline and 38.2% Fib).
- 5-DMA is immediate support at 1.1403. Break below 200-DMA negates bullish bias.
- On the data front, trade balance from Germany on Friday will be in focus. Risk-sentiment will also impact price action.
Support levels - 1.1403 (5-DMA), 1.1377 (21-EMA), 1.13433 (200-DMA)
Resistance levels - 1.1454 (Upper Bollinger Band), 1.1484 (nearly converged trendline and 38.2% Fib)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
