EUR/CHF upside could be capped near 1.1050 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 16, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the upside momentum in the cross could falter in the mid-1.1000s.

    Key Quotes

    EUR/CHF has seen a small rebound off the 1.0950 level, this is viewed as corrective only and is indicated to terminate ahead 1.1050”.

    “The market has recently failed at 1.1200 and risks have reverted to the downside”.

    “We suspect that the market has already topped and will head back to the 1.0920 55 day ma and eventually the 1.0737 November low”.
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