Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted the cross has moved into the oversold territory following the recent price action. Key Quotes “EUR/CHF has recently spiked down to 1.1369. We believe that the move was exhaustive. The daily RSI is in oversold territory. Rallies will find initial resistance offered by the 200 day ma at 1.1657 which is likely to cap. Key resistance is the 55 day moving average at 1.1812, together with the January peak at 1.1833, and while capped here it is offered”. “Failure at 1.1369 would target a move to the August 2017 low at 1.1259, the February 2016 high lies at 1.1200″. 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 EUR/GBP Technical Analysis: rejected near 0.8800 handle FX Street 5 years Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted the cross has moved into the oversold territory following the recent price action. Key Quotes "EUR/CHF has recently spiked down to 1.1369. We believe that the move was exhaustive. The daily RSI is in oversold territory. Rallies will find initial resistance offered by the 200 day ma at 1.1657 which is likely to cap. Key resistance is the 55 day moving average at 1.1812, together with the January peak at 1.1833, and while capped here it is offered". "Failure at 1.1369 would target a move to the August 2017 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.
