Chart - Courtesy Trading View
EUR/CHF plunged over 0.70% and was trading at 1.0458 at around 13:00 GMT.
The single currency is under pressure after dovish ECB comments and resurgence of covid concerns in Germany.
German Health Minister Jens Spahn expressed his concerns over the covid resurgence, citing that “we are in a national emergency.”
Earlier on Friday, ECB's Lagarde said the conditions to raise rates are very unlikely to be satisfied next year.
Technical indicators for the pair support bearish bias. EUR/CHF extends bearish streak for the 3rd straight month.
The pair has tested levels unseen since July 2015. Further weakness on cards. Little resistance seen till 1.0233 (April 2015 low).


NZDJPY Catches Its Breath: Bulls Defend 94 Floor With Sights Set on 96–97
GBP/JPY Holds the 215 Line as Yen Momentum Fades; Triple EMA Bulwark Eyes 217
FxWirePro- Woodies pivot (Major)
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NZD/JPY Springs Off 38.2% Fib Support: Triple EMA “Buy the Dip” Setup Eyes 96.15–97
FxWirePro: USD/CAD steadies around 1.3840 ,retains bid one
GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: USD/JPY nears 160 as intervention risk intensifies
FxWirePro- Major European Indices
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib
FxWirePro: GBP/NZD gains some ground but outlook is bearish
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117
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