The EUR/CHF is trading with a bearish bias at 1.1050, gaining immediate support at the 1.1050 level. A bearish breakout of 1.1050 level can lead EUR/CHF price towards 1.1033 mark. While the bounce-off over 1.1050 can lead the price towards the 1.1070 level.

On the 4 hour timeframe, the pair has closed a tweezers bottom right above the double bottom level of support area of 1.1054 area. Therefore, we have opened a buying trade in EUR/CHF. Let’s capture quick 40 pips. Good luck!