Credit Suisse discusses EUR/CHF technical outlook and adopts a tactical neutral bias in the near-term.
"The removal of 1.0786/88 and then of 1.0795/99 opens the door to a move back to 1.0816 and 1.0849. Beyond here though could see a renewed test of the crucial 1.0872/78 – the September and current December highs as well as the 38.2% retracement of the 2019/2020 fall – where we would expect to see a more concerted effort to cap," CS notes.
"Support is seen initially at 1.0773/63, which now ideally floors the market. Removal of here though would see 1.0743/37 next, where we would expect to see another more important effort to hold," CS adds.