• EUR/CHF consolidating after failure to hold a clean break above the 200DMA cluster

• Rallies capped into 0.9250–66 (Apr–May highs) with limited follow-through

• CHF still screens as a preferred funding currency, reinforcing downside pressure via carry dynamics

• Funding narrative could limit pullbacks in the cross near-term

• Swiss CPI (Thu) on the docket, softer print would validate CHF funding bias and weigh further

• Near-term support at 0.9200, clean break would open up a deeper move toward 0.9100 zone
EURCHF daily chart


Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))