EUR/CHF: only bearish below 1.0899, target 1.1000 now? - Commerzbank

Analysts at Commerzbank explained their outlook for EUR/CHF.

Key Quotes:

"We note that the weekly cloud and we look for it to struggle here. 

While these levels cap, a slip back towards the 200 day moving average at 1.0780/81 should be seen."

"We will retain an overall bearish view while no daily chart close above the 1.0899 December peak is seen. Were this to happen the July-to-September highs at 1.0944/1.1000 would be in focus."