EUR/CHF to rebound from 1.05 towards the 1.07 level – SocGen

EUR/CHF is drifting towards 2020 low of 1.0500, If the pair holds above here, we could see a rebound towards 1.0700, according to economists at Société Générale.

1.0500 to offer a solid support

“EUR/CHF is gradually drifting towards the low of 2020 near 1.0500. This could be a significant support.” 

“Defending it can result in a rebound, August low of 1.0700 would be first layer of resistance.”