The EUR/CHF pair has been trading downwards since the 2nd of February 2016, with the sellers leading the price from as high as 1.1199 to as low as 1.1033.
On Friday, the pair rise from 1.1033 up to 1.1073. In the event that the sellers manage to force the pair down and the price breaks below 1.1020 the pair could find support at 1.0992 and 1.0966 in extension.
Alternatively, in the scenario where the buyers keep exerting strong pressures and the price breaks above 1.1120, the pair could go up to 1.1151 and 1.1169 respectively.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.