EUR/CHF breaks major trendline resistance at 1.13, stay long
EUR/CHF has broken above strong trendline resistance at 1.13 mark, bias bullish.
Technical indicators support upside in the pair. Stochs and RSI are biased higher.
We evidence a bullish divergence on Stochs on the daily charts which supports upside.
Upside has edged lower from cloud base resistance at 1.1337, break above to see upside.
55-EMA is immediate support at 1.1313. Retrace below 21-EMA to see resumption of weakness.
Stay long on break above cloud base, SL: 1.13, TP: 1.1370/ 1.14/ 1.1430
Technical indicators support upside in the pair. Stochs and RSI are biased higher.
We evidence a bullish divergence on Stochs on the daily charts which supports upside.
Upside has edged lower from cloud base resistance at 1.1337, break above to see upside.
55-EMA is immediate support at 1.1313. Retrace below 21-EMA to see resumption of weakness.
Stay long on break above cloud base, SL: 1.13, TP: 1.1370/ 1.14/ 1.1430