Forecasts for EUR/CHF by Bank of Tokyo-Mitsubishi UFJ: good breakout in the beginning of 2016

Forecasts for EUR/CHF by Bank of Tokyo-Mitsubishi UFJ: good breakout in the beginning of 2016

9 September 2015, 21:11
Sergey Golubev
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Bank of Tokyo-Mitsubishi UFJ updated forecast for EUR/CHF estimated the bullish market condition to be continuing in December this year on good breakout way: the price will break 1.0982 resistance in the end of this year only with ascending triangle pattern to be broken for good breakout of the price movement, and the next bullish targets are 1.110 and 1.13 by June 2016.

Pairs
 Q3
Sep'15
 Q4
Dec'15
Q1
Mar'16
 Q2
Jun'16
EUR/CHF
1.080
1.090
1.110
1.130


It means the following: we will have the ranging bullish market condition from now till December this year, and we will get good breakout of the price movement in the beginning of 2016 for example.