FXstreet.com (Barcelona) - The EUR/CHF has broken the 1.4870 support to set a two-week low at 1.4864.

With today's bearish trading, the pair has extended its free-fall of almost 275 pips from 1.5136 on Dec. 16.

According to the FXMarketAlerts Team, The market is trying to bottom out, but will need more time to develop before moving into uptrend mode. The more immediate target resistance comes in at 1.5146/200.