Chart - Courtesy Trading View
EUR/CHF was trading 1.70% lower on the day at 1.0200 at around 10:45 GMT.
The Swiss franc was buoyed across the board after Swiss National Bank (SNB) surprised markets with a 50 bps rate hike.
In the policy statement that followed, the SNB left the door open for further rate hikes to counter rising inflationary pressures.
The hawkish central bank outcome boosted the Swiss franc across the board and prompted aggressive selling around the pair.
Upside in the pair has been rejected at 200-DMA multiple times. The pair has now slipped below daily cloud.
Momentum is bearish. Volatility is high, RSI has slipped below 50 mark. MACD confirms bearish crossover on signal line.
The pair has hit 8-week lows, scope for test of April lows at 1.0087 ahead of lower Bollinger Band at 1.0044.


FxWirePro-Major European Indices
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: GBP/NZD remains bullish as rally continues
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: EUR/NZD steadies ahead of ECB meeting
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update 



