EUR/CHF remains capped by the 2018-2020 downtrend at 1.0818 and recent high at 1.0838. The pair trades at 1.0767 after reaching a daily high of 1.0784 early Monday. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, targets the June peak at 1.0915. Key quotes “A close above 1.0818/38 is needed to target the 1.0915 June high and the 1.1058 October 2019 high. Currently, we would allow for some further consolidation here, although dips lower remain shallow and the downtrend remains exposed.” “Longer-term, we favour a break higher. The market will find initial support at the 1.0712/09 March and June 23 highs and also at the 1.0699 June 30 high. The July low and the 78.6% Fibonacci retracement at 1.0607/1.0593 are regarded as stronger support that is expected to hold.” 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 Natural Gas Futures: Room for extra gains FX Street 2 years EUR/CHF remains capped by the 2018-2020 downtrend at 1.0818 and recent high at 1.0838. The pair trades at 1.0767 after reaching a daily high of 1.0784 early Monday. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, targets the June peak at 1.0915. Key quotes “A close above 1.0818/38 is needed to target the 1.0915 June high and the 1.1058 October 2019 high. Currently, we would allow for some further consolidation here, although dips lower remain shallow and the downtrend remains exposed.” “Longer-term, we favour a break higher. The market will find initial support at the 1.0712/09 March and… 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.
