EUR/CHF: Risks remain on the upside - Natixis

In view of Micaella Feldstein, Research Analyst at Natixis, risks remain on the upside for EUR/CHF cross as upside parallels are still intact on the daily chart and as an upside bubble is emerging on the weekly chart.

Key Quotes

“Against this backdrop, dips towards 1.0877 (9day moving average) will be seen as corrective: we favor another leg higher towards 1.09881.1002 (daily Bollinger upper band). Note that a break of these important barriers would unleash added upside potential to 1.1060 (Fibonacci extension) and 1.11-1.1120 (monthly Bollinger upper band). The supports stand at 1.0914, at 1.0877, at 1.0802 and at 1.0730/55.”