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EUR/CHF: further losses could lie ahead – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The cross could attempt a bounce before heading towards the 1.0730 area, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank.

    Key Quotes

    EUR/CHF has sold off to the 1.0936 55 day ma, it has reached 1.0914 the 61.8% retracement of the move up from the November low”.

    “We note the 13 count on the 240 minute chart and would allow for a small rebound ahead of further losses to the 1.0737 November low”.
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