EUR/CHF breaks below 1.0850

By FXStreet FXStreet (Córdoba) – The euro is falling against the Swiss franc for the third consecutive day as it continues to retreat from multi-month highs amid risk aversion.

EUR/CHF eyes 1.0800

The pair moved sideways during the Asian session and also on European hours above Monday’s lows but then weakened. It accelerated below 1.0840 and bottomed during the American session at 1.0822, the lowest level since September 4.

The Euro continues to correct lower after hitting earlier in September at 1.1049, the highest level since January. Since then moved constantly with a bearish bias.

EUR/CHF technical levels

To the upside, resistance now might be seen at 1.0855, 1.0890 and 1.0920 (daily 20-SMA). On the opposite direction support could be located at 1.0820 (daily low), 1.0795 (Sept 4 low) and 1.0755.
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Source:: FX Street