The EUR/CHF pair has been trading downwards since the 4th of January 2016, with the sellers leading the price from as high as 1.0900 to as low as 1.0837.
During the course of the day, the pair rise from 1.0837 up to 1.0881. In the event that the bulls keep exerting strong pressures and the price breaks above 1.0900, the price could rise up to 1.0932.
On the other hand, in the scenario where the bears force the price to break above 1.0853, the pair could go down to 1.0839 and 1.0824 respectively.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.