14 Sep 2015
EUR/CHF could test 1.1143 – Commerzbank
FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the cross could climb to the 1.1143 level.
Key Quotes
“EUR/CHF has recently broken higher from a symmetrical triangle. This offers an upside measured target to 1.1143”.
“It is immediately bid above the 1.0853 support line and remains steady while above 1.0700/1.0690 (27th July high)”.
“Below 1.0690/84, the 1.0531 late July low is found”.
Key Quotes
“EUR/CHF has recently broken higher from a symmetrical triangle. This offers an upside measured target to 1.1143”.
“It is immediately bid above the 1.0853 support line and remains steady while above 1.0700/1.0690 (27th July high)”.
“Below 1.0690/84, the 1.0531 late July low is found”.