|Primary Scenario||EURUSD is following a downtrend. If the pair manages to extend its momentum, it will violate the support level at 1.0612, with immediate target the forthcoming support at 1.0546.|
|Alternative Scenario||On the other hand, a higher thrust of the market will lead the pair to penetrate the daily pivot (1.0734) and further up at 1.0800. RSI is trading at 21, within an oversold zone.|
Source:: USDCHF soars today.