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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).
