Ekonomické zprávy
25.10.2021

EUR/CHF: Potential to plummet to the 1.05 level - Credit Suisse

FXStreet that economists at Credit Suisse expect EUR/CHF’s decline to take a breather at 1.0600.

“EUR/CHF maintains its break below major support at 1.0704/1.0696, which turned our bias to the downside. Support is seen next at the 1.0660/57 low from November 2020, before retracement support at 1.0642, then another prominent price low at 1.0605/00, where we would expect to see another pause.” 

“The magnitude of this potential breakdown suggests we could even move beyond here over the medium-term and move all the way to the long-term support level at the 2020 low at 1.0503/00, which is likely to be a much tougher support level if reached.” 

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