Stops hit on fall below 1.0360.
EUR/CHF has been in a quiet downtrend for the past six weeks but losses may begin to accelerate after breaks of the April low and the 38.2% retracement of the Jan-Feb rally.
EURCHF daily chart
European Central Bank QE is proving to have a very powerful effect on the market and jawboning from the SNB hasn't been enough to counter it.
The SNB has occasionally intervened to prop up the pair and may enter the market further but probably not until close to parity. In the short-term, there is very little support until 1.0300 and 1.0117.
