Birmingham , UK

EUR/CHF has dropped into 5-year lows at 1.0448 – Commerzbank


In accordance with Karen Jones, Workforce Head FICC Technical Evaluation Analysis at Commerzbank, the EUR/CHF cross might goal 1.0255/35, or the April 2015 low in the long run.

Key Quotes:

“EUR/CHF has sailed via the 1.0505 2020 low and stays below strain. This introduces scope to the 1.0255/35 April 2015 low and 50% retracement of the transfer 2015-2018. Rallies will discover close by resistance on the 1.0590 downtrend. Further resistance lies at 1.0629, the November 2020 low and the 2016 low and the 1.0696 19th August low.”

“An in depth above 1.0938 the mid-September excessive is required to negate our long run destructive bias (not favoured).”

Data on these pages accommodates forward-looking statements that contain dangers and uncertainties. Markets and devices profiled on this web page are for informational functions solely and mustn’t in any approach come throughout as a advice to purchase or promote in these belongings. It is best to do your personal thorough analysis earlier than making any funding selections. FXStreet doesn’t in any approach assure that this info is free from errors, errors, or materials misstatements. It additionally doesn’t assure that this info is of a well timed nature. Investing in Open Markets entails quite a lot of threat, together with the lack of all or a portion of your funding, in addition to emotional misery. All dangers, losses and prices related to investing, together with whole lack of principal, are your accountability. The views and opinions expressed on this article are these of the authors and don’t essentially mirror the official coverage or place of FXStreet nor its advertisers. The creator is not going to be held answerable for info that’s discovered on the finish of hyperlinks posted on this web page.

If not in any other case explicitly talked about within the physique of the article, on the time of writing, the creator has no place in any inventory talked about on this article and no enterprise relationship with any firm talked about. The creator has not acquired compensation for writing this text, apart from from FXStreet.

FXStreet and the creator don’t present personalised suggestions. The creator makes no representations as to the accuracy, completeness, or suitability of this info. FXStreet and the creator is not going to be answerable for any errors, omissions or any losses, accidents or damages arising from this info and its show or use. Errors and omissions excepted.

The creator and FXStreet usually are not registered funding advisors and nothing on this article is meant to be funding recommendation.

Leave a comment