EUR/CHF rises to 1.0813 during the pre-European session on Wednesday. The pair recently gained upside momentum as 200-HMA beat bears. The pair dropped from the one-week top the previous day amid failures to cross a short-term resistance line and a broad risk-off mood.
Considering the return of bullish MACD return, together with the latest pullback, the pair is likely to remain positive and challenge the weekly top near 1.0850.
Though, an ascending trend line from September 02, at 1.0857 now, may restrict the quote’s further advances towards the monthly top of 1.0877.