Fxstreet.com (Buenos Aires) - After breaking the daily descendant channel, pair continues falling and remains consolidating close to yearly lows quoting at the 1.0360 level, past December low. Under 1.0346, today's low, next supports for the pair come at 1.0310 and 1.0250. 4 hours charts, are showing some bullish divergences, thus there are no other signals of an upside movement at this point, not even corrective.

Having accumulated 6 days in a row to the downside, Swiss Franc is also oversold against dollar, so in case of some upside correction, resistances for the next hours come at 1.0400, the strong 1.0440 zone, and above 1.0490, not seen at this point.

EUR/CHF also to the downside, quotes at 1.5136, very close to key support 1.5100. At such level, chances of intervention from the SNB increase strongly, so seems hard traders will attempt to push the pair lower. Anyway under that level, next supports lie at 1.5070 and 1.5040 zone. To the upside, resistances come at 1.5155 and 1.5190 zone.

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