6 Jul 2015
EUR/CHF expected to come under pressure in its range – Commerzbank
FXStreet (Barcelona) - Karen Jones, Head of Technical Analysis at Commerzbank, shares the technical outlook and key levels for EUR/CHF.
Key Quotes
“EUR/CHF last week rallied to and failed at the 2015 downtrend at 1.0526. It is under pressure to sell off towards the base of the channel and recent low at 1.0321/1.0280. This has so far held the downside and the market is ranging.”
“Above the 1.0526 2015 downtrend will trigger a move to 1.0597, the top of the channel.”
“Below 1.0280 targets the 1.0235 April low.”
Key Quotes
“EUR/CHF last week rallied to and failed at the 2015 downtrend at 1.0526. It is under pressure to sell off towards the base of the channel and recent low at 1.0321/1.0280. This has so far held the downside and the market is ranging.”
“Above the 1.0526 2015 downtrend will trigger a move to 1.0597, the top of the channel.”
“Below 1.0280 targets the 1.0235 April low.”