The EUR/CHF pair has been moving downwards, since the 19th of November 2015, with the bears leading the price from as high as 1.0899 to as low as 1.0825.
The single currency is currently attempting to rebound, following mixed European session opening, despite the previous bullish attempt in EUR/CHF. In the event that the buyers manage to gain enough momentum to push the price to break above 1.0861, profit targets could be set at 1.0870 and 1.08992 in extension.
Conversely, in the scenario where the sellers resume their downward activity and the price breaks below 1.0827, the pair could go down to 1.0810 and 1.0755 in extension.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.