EUR/CHF drops through support at 1.0739/36, eyes 1.0689 – Commerzbank

The EUR/CHF pair has hit 1.0739/36, the December 2020 and January 2021 lows. Mid-October low, which sits at 1.0689, is the next stop on the downside, as reported by Commerzbank.

Resistance is seen at the 1.0786/1.0805 region

“EUR/CHF fell through support at 1.0739/36, the December and January lows, with the mid-October low at 1.0689 being next in line. Further down sits the 1.0629 November low.” 

“Nearby resistance is seen at the 1.0786/1.0805 February and midJuly lows. Further resistance comes in at the June low at 1.0872 and also at the May 11 and 24 lows at 1.0925/27.”