Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the cross could slip towards the 1.0730 area. Key Quotes “EUR/CHF has recently broken down from a triangle, our bias is negative”. “Last week it reached the 1.0853 200 day ma, and while we would allow for this to hold the initial test we then look for a break below the 1.0810 February low to the 1.0737 November low”. “The intraday Elliott wave count is suggesting that near term rallies will struggle 1.0895”. For more information, read our latest forex news.