FxWirePro: EUR/CHF rejected at 200-DMA (1.1656), Doji formation raises scope for downside

• EUR/CHF was rejected at 200-DMA at 1.1656 on Monday's trade.
   
• The major is trading largely muted on the day, and a gravestone Doji formation at highs raises scope for downside.
   
• That said, technical indicators on daily charts have turned bullish and break above 200-DMA could see upside.
   
• Stochs are biased higher and MACD shows a bullish crossover on signal line. 
   
• Breakout at 200-DMA will see test of 55-EMA at 1.1713 ahead of cloud base at 1.1744.
   
• On the flipside, rejection at 200-DMA will see drag till 50% Fib at 1.1313 ahead of 61.8% Fib at 1.1150.

Support levels - 1.1596 (5-DMA), 1.1367 (2018 low), 1.1313 (50% Fib)

Resistance levels - 1.1636 (21-EMA), 1.1657 (200-DMA), 1.1708 (100-DMA)

FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at 148.136 (Bullish), while Hourly CHF Spot Index was at -102.693 (Bearish) at 0745 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex. 

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