EUR/CHF could grind lower towards 1.1369 – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the cross could have resumed the downside and could test 1.1369. Key Quotes “ EUR/CHF has recently failed around its 200 day ma and the 50% retracement and we assume that strength since May was corrective only and that the market is resuming its down move.

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