The euro-franc pair rose during the Asian trading period on Tuesday for the fourth day in a row, despite the rise in Swiss inflation data yesterday represented by the Consumer Price Index, and on the other side of the Eurozone we are waiting for the interest decision from the European Central Bank on Thursday and expectations point to the stability of interest by 4.5%, but the most important of the stabilization will be the statement of monetary policy and what Christine Lagarde, the governor of the bank, will say during the press conference.

Technically: the pair was able to break through the downtrend levels on the daily frame during last week's trading and the pair is still bullish as we expected, as we are now waiting for the pair to complete the harmonic BAT model, which will be near the levels of 0.9630/50, from which it is possible to think about building short positions on the pair with the goals of returning to retest the broken downtrend near 0.9560 as the initial target and then the support levels of 0.9460 as the final target.

This scenario fails if the 0.9695 levels break higher with at least a 4-hour candle.