24 Mar 2015
EUR/CHF negative bias while below 1.0700 - Commerzbank
FXStreet (Barcelona) - Axel Rudolph, Analyst at Commerzbank, remains short on EUR/CHF, targeting 1.0414 levels, as negative bias remains while the pair trades below 1.0700.
Key Quotes
“EUR/CHF continues to be capped by the one month resistance line at 1.0682.”
“Above it lies the February high at 1.0811.”
“Target is the 1.0414 February 9 low.”
“A downward bias should be maintained while EUR/CHF trades below last week’s low at 1.0700.”
“Current position: Short at 1.0657.”
Key Quotes
“EUR/CHF continues to be capped by the one month resistance line at 1.0682.”
“Above it lies the February high at 1.0811.”
“Target is the 1.0414 February 9 low.”
“A downward bias should be maintained while EUR/CHF trades below last week’s low at 1.0700.”
“Current position: Short at 1.0657.”