Jul 12 EUR/CHF falls to 0.9838

This is a key retracement for rise from record low to subsequent peak

Record low 0.8500, highest since 1.2005 in 2018, 61.8 is 0.9839

Target for a larger correction is 0.9327 (76.4%/limit for correction)

Fibo projections from 2018 peak are 0.9652 and 0.8725

SNB policy shift should support greater CHF gains

Global reduction stimulus leads to risk aversion supporting CHF