BMO: watch EUR/CHF
Analysts at BMO Capital Markets point out that EUR/CHF is close to the 200-day MA (1.2273). The specialists point out that a close below this level will probably push the pair to 1.2100/2050 if the markets remain in the state of the risk aversion. BMO warns, though, that significant equity market rallies could very easily see the pair trade back at 1.2350 and higher.
Chart. Daily EUR/USD