EUR/CHF set to drop towards the 1.0660 mark – SocGen

Market news

21 October 2021

EUR/CHF set to drop towards the 1.0660 mark – SocGen

EUR/CHF fades again after experiencing an initial rebound. Economists at Société Générale note that the pair is near the 1.07 support and the down move could be extended while below the 1.0840 level.

Bounce limited after probing August low near 1.0700

“Near-term support is at 1.0700.”

“Daily Ichimoku cloud at 1.0840 remains a near-term hurdle.”

“Holding below th1.0840 mark, the down move could extend towards 1.0660.”

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