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EUR/CHF chart - Trading View
EUR/CHF was trading 0.18% higher on the day at 1.0568 at around 10:40 GMT, bias is neutral.
Recovery in the global risk sentiment undermined the Swiss franc's safe-haven demand.
Better-than-expected PMIs in both Germany and the broader Euroland provided some respite to bulls.
That said, persistent worries over the economic fallout from the coronavirus pandemic might dent prospects for additional gains.
The pair is extending consolidation along 61.8% Fib, scope for further weakness as major trend in the pair remains bearish.
'Bullish divergence' on RSI and Stochs keeps scope for upside in the pair. Breakout above 200H MA could see gains till 21W EMA at 1.0704.
On the flipside, break below 61.8% Fib (1.0550) to see downside continuation.
