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27 Mar 2015
EUR/CHF downside bias – Commerzbank
FXStreet (Barcelona) - Axel Rudolph , Analyst at Commerzbank, maintains a downward bias on EUR/CHF, noting that the pair may reach the February 9 low at 1.0414.
Key Quotes
“EUR/CHF continues to trade below the one month resistance line at 1.0665 and so far made a one month low at 1.0422 while en route to the February 9 low at 1.0414. Below it lies the January 16 high at 1.0250.”
“A downward bias will be maintained while EUR/CHF trades below last week’s low at 1.0700.”
“Above it lies the February high at 1.0811”
Key Quotes
“EUR/CHF continues to trade below the one month resistance line at 1.0665 and so far made a one month low at 1.0422 while en route to the February 9 low at 1.0414. Below it lies the January 16 high at 1.0250.”
“A downward bias will be maintained while EUR/CHF trades below last week’s low at 1.0700.”
“Above it lies the February high at 1.0811”