EUR/CHF has met the target of the Commerzbank analyst team at the 1.1146 200-week ma. Some profit taking is expected here, but the pair should stay above the 1.1050-10990 region. Key quotes “EUR/CHF last week reached the 200-week ma at 1.1146. We would allow for some profit taking here, the daily RSI has diverged and we have a 13 count on the daily chart. “Dips are indicated as likely to hold the 1.1050-1.0990 region.” “Above 1.1152 lies the 50% retracement of the entire move down from the 2018 peak at 1.1257.” “Longer term, the market has recently completed a base, which offers an upside measured target to 1.1325.” “Initial support lies at 1.0957, the end of February low and 1.0891, the December high. It will stay bid above the 55-week ma at 1.0730.” 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 USD/JPY holds steady around mid-108.00s, closer to multi-month tops FX Street 1 year EUR/CHF has met the target of the Commerzbank analyst team at the 1.1146 200-week ma. Some profit taking is expected here, but the pair should stay above the 1.1050-10990 region. Key quotes "EUR/CHF last week reached the 200-week ma at 1.1146. We would allow for some profit taking here, the daily RSI has diverged and we have a 13 count on the daily chart. "Dips are indicated as likely to hold the 1.1050-1.0990 region." "Above 1.1152 lies the 50% retracement of the entire move down from the 2018 peak at 1.1257." "Longer term, the market has recently… 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.
