With a slide of nearly 200-pips from weekly highs, the EUR/CHF pair has fallen sharply this week as the Swiss Franc continues to attract safe-haven flows on looming concerns over the UK-EU referendum. Continuous selling pressure witnessed in the EUR/CHF cross is pointing towards rising 'Brexit' worries and its negative implication on the UK economy. Historically, the perceived safe-haven currency, Swiss Franc, appreciates in times of decreasing risk-appetite and at times when other asset classes sell-off. Hence, a follow though selling pressure in the EUR/CHF cross would suggest that the markets might be pricing-in an 'out' vote and could eventually cause damage to both the EUR/SUD and the GBP/USD majors. From technical perspective, the pair has decisively broken below the very important 200-day SMA for the first time since August 2015, but is now heading towards near-term oversold territory. The diverging indications from two separate oscillators suggest that the pair might consolidate within a trading range before deciding on to its next leg of move in the near-term.Technical levels to watchOn the immediate downside, April lows near 1.0860-50 area is likely extend immediate support, which is followed by support around 1.0800 round figure mark. A follow through selling pressure below 1.0800 handle is likely to trigger a 100-pip sell-off immediately towards 1.0700 handle.On the flip side, any attempts of immediate recovery might now confront immediate resistance at the important 200-day SMA support break-point, now turned resistance, near 1.0925-30 region. Momentum above this immediate resistance is likely to assist the pair to extend the recovery trend towards 1.1000 psychological mark.