TECHNICAL ANALYSIS BY NSFX 16.04.2014
The pair still in a downtrend but if it can manage to stay above 0.87 the probability to end a bearish price pattern that started last year is increasing. A breakout of the supply line will lift the exchange rate to its 200SMA and above this dynamic resistance the price could soar to 0.945. Below 0.87 is likely an increase of volatility and the pair would test 2011 levels at 0.85. A stronger Swiss franc would not let unconcerned the SNB.