The last commentary is unchanged : 'The parity EUR/CHF continue to move below 1.48 by going towards the support at 1.47. The price is now moving in bearish channel (blue lines). However, we maintain to trade only short positions as far as the price is below 1.48. The break out of 1.47 will give a new sell signal. If 1.48 is broken, a buy signal will be given but we will stay neutral on the parity.'