FXStreet reports that EUR/CHF broke above 1.1023 on Wednesday and in the view of economists at Credit Suisse the pair increasingly looks as though it is trading in a potential bull “flag” continuation pattern.

“The market may actually be forming a larger bullish ‘flag’ continuation pattern and we, therefore, stay bullish. Next resistance is seen at 1.1064/67, then 1.1118/23, above which would confirm the pattern to suggest the broader bull trend is resuming, with scope for a move to the 1.1152/58 highs initially and eventually beyond.”