EUR/CHF has broken key support at 0.9837/16. The pair could suffer a substantial drop to the 0.9411 lows, analysts at Credit Suisse report.

Key resistance moves to 0.9858/90

“Next key support is seen at 0.9714/12, then 0.9643. However, we certainly do not rule out a move all the way to the 0.9411 lows if risk sentiment deteriorates more sharply.”

“Key resistance moves to 0.9858/90, which is the 200-DMA and broken trendline, which now ideally caps to keep the risks skewed lower.”