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14 May 2015
EUR/CHF risks a fall near-term – Commerzbank
FXStreet (Barcelona) - Karen Jones, Head of Technical Analysis at Commerzbank, notes that EUR/CHF stands dominated by the resistance at 1.0450/82 and near-term risks for the pair remain to the downside.
Key Quotes
“EUR/CHF is again approaching tough resistance at 1.0450/82, which is the location of the 2 month downtrend and the 55 day ma. It is expected to hold the topside. The near term risk is for failure here and slide lower.”
“Below 1.0295 will signal a retest of the 1.0255/35 recent low. This is regarded as the break down point to 1.0000.”
“Above 1.0488 will target 1.0591, 1.0688, which is regarded as the last defence for the 1.0811 high.”
Key Quotes
“EUR/CHF is again approaching tough resistance at 1.0450/82, which is the location of the 2 month downtrend and the 55 day ma. It is expected to hold the topside. The near term risk is for failure here and slide lower.”
“Below 1.0295 will signal a retest of the 1.0255/35 recent low. This is regarded as the break down point to 1.0000.”
“Above 1.0488 will target 1.0591, 1.0688, which is regarded as the last defence for the 1.0811 high.”