The EUR/CHF pair stays directly offered below the 55-day ma at 1.0607 and is eroding the March low, as Karen Jones from Commerzbank notes.
Key quotes
“EUR/CHF stays directly offered below the 55-day moving average at 1.0607, a negative bias is entrenched below here and attention is on the 1.0524 March low, which is currently being eroded.”
“Below the 1.0524 low lies the 1.0250/35 area, made up of a long term Fibo and the April 2015 low.”
“Only a close above the 55-day ma will alleviate downside pressure and will target the 1.0812 September low.”
“Dips should find some support in the 1.0524/32 zone.”
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