FXStreet (Edinburgh) - The Swiss franc is posting marginal gains vs. its European peer today, taking EUR/CHF to the 1.0785/80 band so far. EUR/CHF focus on EMU data The pair is extending its consolidative pattern so far this week, trading in a narrow range and with gains limited just above the 1.0800 handle for the time being. Ahead in the session German and EMU’s ZEW Survey are coming next, with consensus expecting a generalized improvement from the survey. In the meantime, market participants remain wary of the possibility of additional easing measures by the ECB at its meeting in December, which could in turn put the SNB under pressure (via CHF appreciation) regarding the likeliness of potential intervention in the FX markets. EUR/CHF levels to consider At the moment the cross is down 0.05% at 1.0783 and a breakdown of 1.0635 (200-day sma) would aim for 1.0501 (23.6% Fibo of 0.8695-1.1049) and finally 1.0156 (38.2% Fibo of 0.8695-1.1049). On the other hand, the immediate resistance lines up at 1.0880 (downtrend from 1.1049) followed by 1.0930 (high Oct.30) and then 1.1049 (high Sep.11). For more information, read our latest forex news.