The Euro is currently breaking lower versus the Swiss Franc after reaching an old touchpoint at 1.20.
Read more: EUR/CHF Falls After Meeting 1.20 But Analysts Are Still Bullish Longer-Term
The Swiss Franc has reinforced its downtrend against the US Dollar after breaking through a key make-or-break level on the chart.
Read more: Dollar Pierces Major Trendline Against Swiss Franc as Bullish Trend Grows
The Swiss authorities are likely to take a hand's off approach as the market carries on depreciating their currency.
Read more: Further Swiss Franc Weakness to Allow EUR/CHF to Rise to 1.22 warn Julius Baer
The short-term trend has probably turned negative for GBP/CHF, and the pair is probably vulnerable to more loses on the horizon
Read more: GBP/CHF Showing Potential For Further Declines, 1.3500 Eyed
Traders will see little reason to stop selling the Franc now it has finally found its historic 1.20 floor again, according to major bank analysts.
Read more: Swiss Franc Outlook: Weakness to Extend as EUR/CHF Eyed Above 1.20 by Analysts