The EUR / CHF remains under pressure, regularly pushing down in line with the recent bearish “outside day”, the daily MACD dynamics also decreasing again, according to Credit Suisse analysts.
“We expect further declines to occur, with key support remaining at the lows of April / May and the key psychological barrier at 1.0514 / 00. A possible break below below would suggest that the downtrend to medium term picks up and should finally allow momentum to accelerate. “
“The resistance drops to 1.0524 / 32, then to 1.0541, before the 55-day average at 1.0568, where we would expect the market to plateau once again.”