Since the beginning of 2019, the Swiss franc is down against most currencies except the euro:
Source: investing.com
Overview
Since the surge in the franc against the euro since 2015, the general consensus has been that the Swiss franc remains overvalued against most currencies, and overall downside can be expected.
However, are we approaching a point where the Swiss franc may have approached oversold territory?
When examining the monthly chart for the CHF/EUR, we see that the currency hit a low of just below 0.84 – which marks the same level that the currency was