• EUR/CHF elicits support at 0.9260 after extending south from 0.9334

• 0.9334 was Wednesday high. 0.9260 was EBS 10-week low on Oct 2

• Oct 2 low was plumbed as French fiscal concerns rattled the euro

• 0.9486 was EBS 17-month high for EUR/CHF on Sept 30

• Franc-funded carry trades were very popular in Q3 (unwinds since then)

• Stop-loss orders may be sheltering below 0.9250/60, and 0.9200

EURCHF

(Robert Howard is a Reuters market analyst. The views expressed are his own)