Today we expect speeches by members of the ECB Constancio and Lautenschlaeger which may increase the volatility of this pair. If we take a closer look at the EUR/CHF, we can observe the descending highs and the general direction of the price movement down. Despite the technical indicators, we point to the correct local prices up, though they are close to the overbought zone.
Today we do not expect any global news that may affect this pair. According to our technical indicators, we can assume that the quotes for this pair will soon swoop down, because we have to seek the point of entry for short positions. Now the price is at the level of the MA (86) and is likely to be reflected from it, so that you can enter the market around this level of 1.1610 with an approximate target at 1.1550.
