EUR/CHF has so far dropped to 1.0448. The pair is seeing a small rebound, however, EUR/CHF is set to resume its decline towards 1.0375, economists at Société Générale report.

Down move likely to persist

“EUR/CHF has formed a tweezer bottom near 1.0445 after which an initial bounce is under way, however, daily Kijun line at 1.0600 should cap.”

“Next potential objective is at projections of 1.0375.”

This article was originally published by Fxstreet.com.Read the original article here.

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