The EUR/CHF pair has been under bearish pressures since the 4th of January 2016, with the price falling from up to 1.0900 down to 1.0879.
Today, the pair rise from as low as 1.0841 from as high as 1.0879. In the event that the sellers keep pushing lower and the price breaks below 1.0854, the pair could decelerate down to 1.0826 and 1.0808 in extension.
On the other hand, in the scenario where the pair attempts to upward and the price breaks above 1.0888, the pair could escalate up to 1.0893 and 1.0900 respectively.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.