USD/CHF and EUR/CHF bullish patterns challenged by inflation concerns

Both USD/CHF and EUR/CHF are displaying bullish technical setups, but upcoming inflation data poses a significant hurdle for continuation patterns. USD/CHF has formed an ascending triangle pattern with resistance at 0.8680, while EUR/CHF shows a similar bullish flag formation near 0.9450. The Swiss franc has been under pressure from risk-on sentiment in global markets, supporting both pairs' upward trajectories. However, traders remain cautious ahead of key inflation releases from the US and Eurozone, which could disrupt current technical patterns. For USD/CHF, a break above 0.8680 could target 0.8750, while EUR/CHF eyes 0.9500 as the next resistance level. Support levels stand at 0.8620 for USD/CHF and 0.9400 for EUR/CHF. Market positioning suggests traders are moderately bullish but maintaining tight stops ahead of the inflation data releases.