The EUR/CHF pair has been upwards since Wendsday, the 24th of February 2016, with the price rising from as low as 1.0864 to as high as 1.0948.
On Tuesday, the pair fell aggressively from 1.1028 to 1.0922, then stabilize between the levels of 1.0916 and 1.0942, after continue dropping down to 1.0864. In the event that the seller manages to force the price below the level of 1.0916, the pair could find support at 1.0896 and 1.0864 respectively.
On the flip side, in the scenario where the price breaks above the level of 1.0948, the pair could escalate up to 1.0986 and 1.1014 in extension.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.