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EURCHF further extended the downtrend....>

EURO-SWISS
EURO-SWISS: EURCHF further extended the downtrend overnight to Chf1.1165, its
lowest levels since June 2017. In a client note analysts at Societe Generale say
that the Swiss National Bank (SNB) is likely to intervene in the FX markets.
Near-term support is seen at Chf1.1156/53 from the 61.8% retracement of the Feb
2017 low - April 2018 high & Jul 27 2017 low. EURCHF is currently generating
oversold conditions on the 14-day RSI with a reading of 26. 

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