19 Feb 2015
EUR/CHF scope for 1.08455 – Commerzbank
FXStreet (Barcelona) - Karen Jones, Head of Technical Analysis at Commerzbank, gives the technical outlook for EUR/CHF, noting that the pair remains bid whilst above 1.0657 uptrend.
Key Quotes
“EUR/CHF has seen a strong recovery and has eroded the 1.0670 region – this was the 61.8% retracement of the sell off.”
“This has introduced scope to 1.08455 (Fibonacci extension), 1.1003, 1.1255 (78.6% retracement of the sell off).”
“The market is bid above the 1.0657 uptrend.”
Key Quotes
“EUR/CHF has seen a strong recovery and has eroded the 1.0670 region – this was the 61.8% retracement of the sell off.”
“This has introduced scope to 1.08455 (Fibonacci extension), 1.1003, 1.1255 (78.6% retracement of the sell off).”
“The market is bid above the 1.0657 uptrend.”