EUR/CHF stays directly offered below the 55-day moving average at 1.0604, a negative bias is entrenched below here, as Commerzbank’s Karen Jones notes. Key quotes “The market has eroded the 1.0524 March low, it has not sustained the initial break and we may see further consolidation near-term ahead of a slide lower.” “Below the 1.0509 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.” 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 Germany’s Maas: No reason to relax warnings regarding foreign travel FX Street 2 years EUR/CHF stays directly offered below the 55-day moving average at 1.0604, a negative bias is entrenched below here, as Commerzbank’s Karen Jones notes. Key quotes “The market has eroded the 1.0524 March low, it has not sustained the initial break and we may see further consolidation near-term ahead of a slide lower.” “Below the 1.0509 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.” 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.
