FxWirePro: EUR/CHF struggles at 100-DMA, break above to see further upside

EUR/CHF chart on Trading View used for analysis

• EUR/CHF struggles to break above 100-DMA. The pair has been capped below from past sessions.
   
• The pair is trading 0.05% lower on the day at 1.1325 at 1245 GMT, bias is bullish. 
   
• Momentum studies are bullish, Stochs and RSI are sharply higher. RSI is above 50 and biased higher. MACD also supports upside.
   
• Break above 100-DMA will see resumption of upside. Scope then for test of 38.2% Fib at 1.1385.
   
• Rejection at 100-DMA and break below 5-DMA could see grind lower. 

Support levels - 1.1315 (5-DMA), 1.1309 (55-EMA), 1.1289 (21-EMA), 1.1275 (20-DMA)

Resistance levels - 1.1332 (100-DMA), 1.1358 (110-EMA), 1.14, 1.1481 (200-DMA)

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.