EUR/CHF keeps the sideline pattern – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the cross keeping its consolidative pattern for the time being.

    Key Quotes

    EUR/CHF remains side-lined. It recently topped at the 55 week ma, currently at 1.0985, but yesterday bounced off its four month support line and the 55 day ma at 1.0855/40. This guards the 1.0531 late July low”.

    “Rallies will find initial resistance at 1.0985, ahead of the 1.1050 September high”.
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