EUR/CHF to shift back lower towards the 2020 low of 1.05 – SocGen

EUR/CHF pivots away from 1.07. However, the down move could persist with next support levels seen at 1.0660 and the 1.05 2020 low, economists at Société Générale report.

Short-term bounce is on the cards

“An initial bounce is not ruled out however daily Ichimoku cloud near 1.0830 should contain.”

“Next potential support levels are at 1.0660 and 2020 low of 1.0500.”