EUR/CHF: looking for an attempt towards 1.0532 – Commerzbank

FXStreet (Barcelona) - Karen Jones, Head of Technical Analysis at Commerzbank, sees upside potential for EUR/CHF towards 1.0532 and even 1.0596, with the pair having broken above 1.0457.

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 has eroded the 1.0457 and that suggests a reattempt on the 1.0532 2015 downtrend and possibly 1.0596 the top of the channel. mid point of the channel.”