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The offered bias on EUR/CHF is expected to remain unchanged as long as 1.1452 caps it, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank.

Key Quotes

“Support remains to be seen at 1.1281,1.1222 and the current September trough at 1.1183. A move below the next lower 1.1183 would target the 1.1054 200 week ma”.

“Potential rallies will have no impact whatsoever while capped by the 1.1452 28th August high. This guards the 200 day ma at 1.1614″.

“The market remains offered below 1.1452, the 28th August high and this guards the 1.1481 June trough and the 1.1614 200 day ma”.