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EUR/CHF focused on 1.1140 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the cross could now be on its way to test the 1.1140 level.

    Key Quotes

    EUR/CHF is eroding the 1.1050 the September high and targets 1.1140, an upside measured target from the base. It is in one year highs”.

    “Slightly longer term there is scope for 1.1260, the 78.6% retracement of the move down from the 2015 collapse”.

    “The market is finding some support from the near term uptrend at 1.0932. Provided dips lower hold the 55 day ma at 1.0864 an upside bias will be maintained”.
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