Karen Jones, Head of FICC Technical Analyst at Commerzbank, has reiterated the negative bias around the cross. Key Quotes “EUR/CHF has recently broken down from a triangle, our bias is negative”. “It has reached the 1.0850 200 day ma, and while we would allow for this to hold the initial test we 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.