30 Mar 2015
EUR/CHF on track to test 1.0414 – Commerzbank
FXStreet (Barcelona) - Axel Rudolph, Analyst at Commerzbank, gives the technical outlook for EUR/CHF, noting that that pair looks set to test the February 9 low at 1.0414.
Key Quotes
“EUR/CHF continues to trade below the one month resistance line at 1.0659 and last week 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 1.0659 and last week 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.”