EUR / CHF is focusing on the low of 1.0509 which has been eroded but has remained on a closing basis, according to Karen Jones of Commerzbank.
“Only a close below 1.0500 will signal further losses from the low of 1.0236 in April 2015.”
Rallies will find the first resistance at 55 day Monday at 1.0562. Above is targeting the high of 1.0709 in March and potentially the ma of 1.0784 over 200 days. “