EUR/CHF to see another leg lower towards 1.0375 – SocGen

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.”