EUR/CHF: further losses could lie ahead – Commerzbank

The cross could attempt a bounce before heading towards the 1.0730 area, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank.

Key Quotes

“EUR/CHF has sold off to the 1.0936 55 day ma, it has reached 1.0914 the 61.8% retracement of the move up from the November low”.

“We note the 13 count on the 240 minute chart and would allow for a small rebound ahead of further losses to the 1.0737 November low”.