FxWirePro: USD/JPY holds gains above 20-DMA, Kuroda reiterates BoJ's readiness to implement additional easing measures if required
FxWirePro: AUD/USD recovers from a bearish gap open, Aussie remains bid amid vaccine optimism and upbeat data
FxWirePro: EUR/CHF holds 200-DMA support, break below to plummet prices further
EUR/CHF chart - Trading View
EUR/CHF was trading 0.07% higher on the day at 1.0680 at around 06:55 GMT, after closing 0.19% lower in the previous session.
The pair has erased some gains, slips lower from session highs at 1.0691, scope for further weakness.
Euro dented across the board as the resurgence of the coronavirus cases is threatening to derail the Eurozone economic recovery.
Further, the European Central Bank on Thursday gave a strong hint that it could boost its emergency bond-buying program at its December policy meeting.
Technical analysis for the pair shows bias is strongly bearish. The pair is holding strong support at 200-DMA.
Break below will plummet prices. Dip till 1.0611 (Lower BB) and then 1.0503 (May 2020 low) then likely.