EUR/CHF is seeing the expected break of the pivotal 200-day moving average (DMA) at 1.0676 on Monday. A close beneath 1.0676 would see an acceleration of downside momentum with next support at 1.0662, analysts at Credit Suisse apprise. Key quotes “EUR/CHF is testing below the pivotal 200-day average this morning, currently at 1.0677. With EUR/USD also establishing a top and with daily MACD momentum still moving lower we look for a clear close beneath here, with support seen next at the 61.8% retracement of the entire 2020 upswing at 1.0662, where fresh buyers are expected at first.” “Beyond 1.0662 in due course though would see 1.0650 next, ahead of the low of July and psychological inflection point at 1.0607/00, where we would expect to see another initial attempt to hold. With the large top still in place though, an eventual move beyond here is still very much possible, with the ‘measured objective’ at 1.0580/77.” “Resistance stays at 1.0685/1.0703, then the key 1.0748/50 highs, above which would see a minor base complete to confirm the top has been negated and suggest further upside. The next resistance would then be seen at 1.0761/74, before 1.0801/06.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/GBP surrenders intraday gains, slides back to 0.9000 mark FX Street 2 years EUR/CHF is seeing the expected break of the pivotal 200-day moving average (DMA) at 1.0676 on Monday. A close beneath 1.0676 would see an acceleration of downside momentum with next support at 1.0662, analysts at Credit Suisse apprise. Key quotes “EUR/CHF is testing below the pivotal 200-day average this morning, currently at 1.0677. With EUR/USD also establishing a top and with daily MACD momentum still moving lower we look for a clear close beneath here, with support seen next at the 61.8% retracement of the entire 2020 upswing at 1.0662, where fresh buyers are expected at first.” “Beyond 1.0662 in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.