EUR/CHF appears supported at 1.0790 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - In the opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, pullbacks in the cross could find support in the 1.0790 area.

    Key Quotes

    EUR/CHF failed to clear the 55 day ma at 1.0878 but reached 1.0900 before coming off again”.

    “Despite the current decline upside risk has increased and currently dips lower will find support offered by the 1.0790 4 month uptrend ahead of a move to 1.0964/80 and 1.10”.

    “Support is the 1.0790 4 month uptrend; this guards the 1.0713 August low and 1.0690, the mid-July high, and then the 1.0531 late July low”.
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