• EUR pauses ascent versus the Swiss franc in early European trade, EUR/CHF is correcting lower after the recent upsurge 
  
  
• The pair is off from 4-month highs and currently trades at 1.0649, down around 0.19 pct on the day
  
  
• Stochs see a bearish cross over at overbought levels and thinning cloud suggest further downside to come
  
  
• EU calendar is deprived of data releases,  focus shall be on the S&P/Case-Shiller index, Markit's Services PMI and Consumer Confidence are all due later in the day
  
  
• Immediate resistance is seen at 1.0675 (Today's High), above which gains could be extended to 1.0690 (July 27 High) 
  
  
• On the downside, support is seen at 1.0600 below which it could extend losses to 1.0558 (July 27 Low)