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EURCHF extending lows

EUR
  • Further downside continuation for the EURCHF, which continues to trade at its lowest level since September.
  • Small support is seen at 0.95319, followed by the 0.9500 figure.
  • A clear break through the latter, opens to the Sep low at 0.94100, also the lowest print since 2015.
  • JPM stressed that they remain long CHF, and have also lowered their forecast for EUR/CHF from 0.95 to 0.94 in Q3 and from 0.94 to 0.93 in Q4, with downside risks to their year end calls.

Chart source: MNI/Bloomberg.

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