EUR/CHF briefly hits a 20-month low
Price is now testing a key level in terms of the September 2018 support @ 1.1183 and if that breaks, technically there isn't much stopping the pair from falling further. That said, do be reminded that the SNB has been seen to be comfortable with leaving EUR/CHF range between 1.12 to 1.14 so a breakdown here may prompt them to step into the picture to prevent the franc from running away.
The daily close here today will be crucial. But if anything, the move to the downside to test the support level shows that markets are starting to get jittery again as bond yields continue to tumble and equities are turning red on the day.
