The EUR/CHF pair has been declining since the 15th of July 2015. The selling activity has forced the price from as high as 1.0452 to as low as 1.0399.
The bullish pressures became more tensed at 1.0431, an indication that the bulls are getting momentum. In the scenario where the price attempts a successful break above this level, the pair could escalate up to 1.0452 and 1.0479 respectively.
Alternatively, in the event where the sellers manage to withhold their downward pressures, the price could break the level of 1.0399 and reach 1.0367.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.