The EUR/CHF pair has been under bullish pressures since the 2nd of March 2016, with the price ascending from as low as 1.0820 to as high as 1.0973.
On Friday, the pair advanced from 1.0851 all the way up to 1.0948. Today, the pair initially consolidated between the levels of 1.0915 and 1.0937 to subsequently rise up to 1.0973. In the event that the buyers keep pushing the price higher and the pair breaks above the daily high of 1.0973, the cross could escalate up to 1.099 and 1.1029 in extension.
On the flip side, in the scenario where the sellers manage to gain momentum and force the pair to break below the daily lows of 1.0915, the price could find support at 1.0897 and 1.0878 respectively.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.