EUR/CHF is now at the lower limit of a channel since 2018 at 0.9970/0.9940. A break below here would clear the way for additional losses towards 0.9870, then 0.9660, economists at Société Générale report.
Overstretched down move
“A bounce is likely, however, 1.0290/1.0325 could cap.”
“Failure to hold 0.9940 can lead the pair towards projections at 0.9870 and 0.9660.”