Bullish move above the 200 day MA was a failure
Last week, the price of the EURCHF extended above the 200 day MA for the first time since January 2014 (not 2015 when the SNB devalued but 2014). That break lasted for 3 or so days. Yesterday, the price took a tumble and today we are seeing a continued fall. Looking at the daily chart, the pair is approaching trend line support at the 1.0710 area. This will be eyed as support.