EUR/CHF could test 1.1143 – Commerzbank

FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the cross could climb to the 1.1143 level.

Key Quotes

“EUR/CHF has recently broken higher from a symmetrical triangle. This offers an upside measured target to 1.1143”.

“It is immediately bid above the 1.0853 support line and remains steady while above 1.0700/1.0690 (27th July high)”.

“Below 1.0690/84, the 1.0531 late July low is found”.