- EUR / CHF daily chart shows bullish fatigue above 1.0820.
- The pair is at risk of falling to the 1.0774 support.
EUR / CHF is currently trading negative just below the 1.0795 level, after peaking at 1.0808 at the start of the Asian session.
Multiple long upper wick candles on the daily chart created over the past seven days suggest bullish fatigue above 1.0820 and indicate the margin for a pullback. Lower highs on the MACD histogram also indicate bullish exhaustion.
The pair risks falling to the November 13 low of 1.0774. A breakout of that level would expose the confluence of the 50 and 100 day simple moving averages at 1.0750.
The pair needs to close above 1.0828 (Nov 16 high) to invalidate the bearish bias.
EUR / CHF daily chart
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