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   “¢   The cross came under some renewed selling pressure at the start of a new trading week and is currently placed at a short-term ascending trend-line support, extending from lows set on Jan. 8th.

   “¢   Technical indicators on the daily chart have been losing positive momentum and drifted into the negative territory on hourly charts, supporting prospects for an eventual bearish breakdown.

   “¢   The mentioned support coincides with 38.2% Fibonacci retracement level of the 1.1172-1.1444 upsurge and should act as a key trigger for the pair’s near-term trajectory in either direction.

   “¢   A sustained weakness below the 1.1330-25 region will confirm a near-term bearish breakdown and accelerate the fall towards challenging 50% Fibo. level support near the 1.1300 handle.

   “¢   On the flip side, a decisive strength beyond the 1.1365-70 region might negate the bearish outlook and prompt some short-covering move back towards reclaiming the 1.1400 round figure mark.

EUR/CHF 4-hourly chart

EUR/CHF

Overview:
       Today Last Price:  1.1342
       Today Daily change %:  -0.11%
       Today Daily Open:  1.1354
Trends:
       Daily SMA20:  1.1366
       Daily SMA50:  1.1326
       Daily SMA100:  1.1342
       Daily SMA200:  1.1405
Levels:
       Previous Daily High:  1.1372
       Previous Daily Low:  1.1336
       Previous Weekly High:  1.1396
       Previous Weekly Low:  1.1329
       Previous Monthly High:  1.1446
       Previous Monthly Low:  1.1309
       Daily Fibonacci 38.2%:  1.1349
       Daily Fibonacci 61.8%:  1.1358
       Daily Pivot Point S1:  1.1336
       Daily Pivot Point S2:  1.1318
       Daily Pivot Point S3:  1.13
       Daily Pivot Point R1:  1.1372
       Daily Pivot Point R2:  1.139
       Daily Pivot Point R3:  1.1408