In the view of Karen Jones, Head of FICC Technical Analyst at Commerzbank, the cross remains bid while above the 1.0800/12 area.
Key Quotes
“EUR/CHF continues to hold upside potential near term and while above 1.0800/12 we will consider that the market is bid. Initial resistance is 1.0950/65 ahead of 1.1050 the September high”.
“Below 1.0800 will leaves the market vulnerable to losses to the 1.0713 August low and 1.0690, the mid-July high”.
Key Quotes
“EUR/CHF continues to hold upside potential near term and while above 1.0800/12 we will consider that the market is bid. Initial resistance is 1.0950/65 ahead of 1.1050 the September high”.
“Below 1.0800 will leaves the market vulnerable to losses to the 1.0713 August low and 1.0690, the mid-July high”.
