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EUR/CHF keeps the negative stance – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Karen Jones, Head of FICC Technical Analyst at Commerzbank, has reiterated the negative bias around the cross.

    Key Quotes

    EUR/CHF has recently broken down from a triangle, our bias is negative”.

    “It has reached the 1.0850 200 day ma, and while we would allow for this to hold the initial test we look for a break below the 1.0810 February low to the 1.0737 November low”.

    “The intraday Elliott wave count is suggesting that near term rallies will struggle 1.0895”.
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