Back
14 Oct 2015
EUR/CHF string resistance at 1.0964 – Commerzbank
FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, occasional bullish attempts in the cross could struggle around 1.0964.
Key Quotes
“EUR/CHF remains side-lined. It recently topped at the 55 week ma, currently at 1.0963, our the focus is on its four month support line and the 55 day ma at 1.0860/52. This guards 1.0690 the mid July high and the 1.0531 late July low”.
“Rallies will find initial resistance at 1.0964, ahead of the 1.1050 September high. If seen the market is expected to fail here”.
Key Quotes
“EUR/CHF remains side-lined. It recently topped at the 55 week ma, currently at 1.0963, our the focus is on its four month support line and the 55 day ma at 1.0860/52. This guards 1.0690 the mid July high and the 1.0531 late July low”.
“Rallies will find initial resistance at 1.0964, ahead of the 1.1050 September high. If seen the market is expected to fail here”.