The EUR/CHF short-term trend has accelerated to the upside, with key resistance seen at 1.0710/17, ahead of 1.0772/88, per Credit Suisse. See: EUR/CHF in two-month highs amid general euro strength – Commerzbank Key quotes “EUR/CHF saw strength extend further on Thursday, in line with the large base and the recent daily MACD turn higher, all of which suggests further upside is likely. Resistance is seen at the 1.0710/17 late March high and 38.2% retracement of the October/May fall, where we would expect to see fresh selling initially.” “We expect a break of the 1.0717 resistance in due course and see resistance next at the 50% retracement and 200-day average at 1.0772/88, where we would then look for a more sustained cap to reassert the medium-term downtrend.” “Support is seen initially at 1.0674, then 1.0662/56, ahead of 1.0589/76, which ideally holds to keep the near-term upside bias intact. Removal of here would negate the base and see a move back to 1.0510/00.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EU’s De Rynck: No appetite on EU side to revise mandate on fisheries FX Street 3 years The EUR/CHF short-term trend has accelerated to the upside, with key resistance seen at 1.0710/17, ahead of 1.0772/88, per Credit Suisse. See: EUR/CHF in two-month highs amid general euro strength – Commerzbank Key quotes “EUR/CHF saw strength extend further on Thursday, in line with the large base and the recent daily MACD turn higher, all of which suggests further upside is likely. Resistance is seen at the 1.0710/17 late March high and 38.2% retracement of the October/May fall, where we would expect to see fresh selling initially.” “We expect a break of the 1.0717 resistance in due course and see resistance… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
