FXStreet reports that according to Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, occasional rallies in EUR/CHF are seen struggling just above the 1.0800-hurdle.

“EUR/CHF came under pressure yesterday and attention has reverted to the 200-day ma at 1.0736. Intraday rallies are likely to struggle 1.0806 (55-day ma) and failure here will leave the market vulnerable on the downside.”

“Below the market lies the late July, August and September lows at 1.0727/12. Below here sits the November trough at 1.0630.”