The EUR/CHF pair has been trading downwards since Thursday, the 10th of March 2016, with the bears leading the price from as high as 1.1022 to as low as 1.0918.
On Thursday, the pair rise at the level of 1.0996 and dropped at 1.0921. In the event that the sellers keep exerting strong pressures and force the pair lower and the price breaks below 1.0907, the currency pair price could find support at 1.0872 and 1.0853 in extension.
Alternatively, in the scenario where the bulls manage to force the currency pair higher and the price breaks above 1.0958, the pair could advance up to 1.0970 and 1.0982 respectively.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.