Eoin Treacy's view I purchased the Euro against the Swiss Franc on June 2nd on the supposition that it was sufficiently oversold to justify a relief rally. The Euro lost downward momentum over the last three weeks but failed to rally significantly and broke down once more today. My long, which was initiated at CHF1.21208, was stopped out this morning at CHF1.19950 including spread dealing costs. I continue to hold the Brent crude short initiated last week.