13 Feb 2015
EUR/CHF set to re-challenge 1.0600/70 resistance – Commerzbank
FXStreet (Barcelona) - Karen Jones, Head of Technical Analysis at Commerzbank, gives the technical outlook for EUR/CHF, expecting the pair to challenge the resistance around 1.0600/70 region.
Key Quotes
“EUR/CHF has seen a strong recovery and looks set to challenge the 1.0600/70 region – this is the 61.8% retracement of the sell off.”
“It is likely that 1.0670 (61.8% retracement) will hold the topside.”
“Above 1.0670 will introduce scope to 1.08455, 1.1003, 1.1255.”
“We have minor support at 1.0355 – below here will leave attention on support at 1.0222 then 1.0080.”
Key Quotes
“EUR/CHF has seen a strong recovery and looks set to challenge the 1.0600/70 region – this is the 61.8% retracement of the sell off.”
“It is likely that 1.0670 (61.8% retracement) will hold the topside.”
“Above 1.0670 will introduce scope to 1.08455, 1.1003, 1.1255.”
“We have minor support at 1.0355 – below here will leave attention on support at 1.0222 then 1.0080.”