1 Jul 2015
EUR/CHF: seeing some recovery – Commerzbank
FXStreet (Barcelona) - Karen Jones, Head of Technical Analysis at Commerzbank, notes that EUR/CHF is seeing some recovery after the dip towards 1.0316/1.0280, but the pair remains offered while below 1.0455.
Key Quotes
“EUR/CHF has sold off to and recovered from key support at 1.0316/1.0280 – the base of the channel and recent low. This has so far held the downside and the market is seeing some recovery off there.”
“The market will now remain on the defensive below the 1.0455 mid point of the channel.”
“Below 1.0280 targets the 1.0235 April low.”
Key Quotes
“EUR/CHF has sold off to and recovered from key support at 1.0316/1.0280 – the base of the channel and recent low. This has so far held the downside and the market is seeing some recovery off there.”
“The market will now remain on the defensive below the 1.0455 mid point of the channel.”
“Below 1.0280 targets the 1.0235 April low.”