EUR/CHF fails to break key resistance at 1.10, intraday bias remains bearish for the moment

• Pair is currently trading around 1.0930 levels. 
  
  
• It made intraday high at 1.0974 and low at 1.0928 levels. 
  
  
• Intraday bias remains bearish till the time pair holds key resistance at 1.0999 levels. 
  
  
• Alternatively, current downfall from 1.0999 will drag the parity towards 1.0825/ 1.0770 levels. 
  
  
• A daily close above 1.10 will turn the bias bullish and take the parity towards key resistance levels at 1.1038/1.1150 marks.
  
   
• ECB rate decision and press conference is the main focus today. The central bank is widely expected to introduce extra stimulus measures.

We prefer to take short position in EUR/CHF around 1.0945, stop loss 1.0999 and target 1.0825/1.0770 levels.