EUR/CHF: Extension of the recovery in the coming days - Natixis

The increase in the daily volatility of EUR/CHF, the buy signals on the daily indicators and the pickup of the weekly indicators plead for an extension of the recovery in the coming days, suggests Micaella Feldstein, Research Analyst at Natixis.

Key Quotes

“A break above the resistance at 1.0858-1.0870 (daily parabolic) would add weight to this view, providing fresh bullish impetus to the 1.09 threshold (9-month moving average), to 1.0970 (weekly parabolic) and 1.1006 (declining trendline). The supports stand at 1.0780-1.08, at 1.0753, at 1.0695-1.0710 and at 1.0630.”