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27 Jan 2015
EUR/CHF bearish below 1.0670 – Commerzbank
FXStreet (Edinburgh) - In the opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the outlook for EUR/CHF remains negative while below 1.0670.
Key Quotes
“EUR/CHF has seen a strong recovery”.
“Resistance lies 1.0222/50 and is expected to hold the topside. This guards 1.0600/70”.
“While capped 1.0670 (61.8% retracement) a negative bias will persist for a retest of the overnight low at .9715 charted 15th January. Below here support lies .9307/40”.
Key Quotes
“EUR/CHF has seen a strong recovery”.
“Resistance lies 1.0222/50 and is expected to hold the topside. This guards 1.0600/70”.
“While capped 1.0670 (61.8% retracement) a negative bias will persist for a retest of the overnight low at .9715 charted 15th January. Below here support lies .9307/40”.