Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the cross could have resumed the downside and could test 1.1369. Key Quotes “EUR/CHF has recently failed around its 200 day ma and the 50% retracement and we assume that strength since May was corrective only and that the market is resuming its down move. This suggests some near term slippage back towards the 1.1369 May low. Initial supports are 1.1480/1.1443″. “The market is now offered while below the 1.1714 recent high and only above here will retarget the 1.1833 January high”. 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 EOS price analysis: EOS/USD butchers key support areas, $7.0 is within reach FX Street 5 years Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the cross could have resumed the downside and could test 1.1369. Key Quotes "EUR/CHF has recently failed around its 200 day ma and the 50% retracement and we assume that strength since May was corrective only and that the market is resuming its down move. This suggests some near term slippage back towards the 1.1369 May low. Initial supports are 1.1480/1.1443". "The market is now offered while below the 1.1714 recent high and only above here will retarget the 1.1833 January high". 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.
