Back
10 Apr 2015
EUR/CHF outlook stays negative – Commerzbank
FXStreet (Barcelona) - Negative bias remains for EUR/CHF as long as the pair trades below 1.0700 levels, with the immediate downside target at 1.0390, notes Karen Jones, Head of Technical Analysis at Commerzbank.
Key Quotes
“EUR/CHF’s outlook remains negative, last weeks high at 1.0495 is a tough nearby obstacle and together with the 55 day ma at 1.0559 is expected to cap the topside.”
“While they cap the current April low at 1.0390 remains in sight. It was made slightly below the February 9 low at 1.0414. Below it lies the January 16 high at 1.0250 and the 50% retracement at 1.0255.”
“A downward bias will be maintained while EUR/CHF trades below 19th March peak at 1.0700.”
“Above it lies the February high at 1.0811.”
Key Quotes
“EUR/CHF’s outlook remains negative, last weeks high at 1.0495 is a tough nearby obstacle and together with the 55 day ma at 1.0559 is expected to cap the topside.”
“While they cap the current April low at 1.0390 remains in sight. It was made slightly below the February 9 low at 1.0414. Below it lies the January 16 high at 1.0250 and the 50% retracement at 1.0255.”
“A downward bias will be maintained while EUR/CHF trades below 19th March peak at 1.0700.”
“Above it lies the February high at 1.0811.”