EUR/CHF targets the 200-week ma at 1.1145 – Commerzbank
FXStreet News

EUR/CHF targets the 200-week ma at 1.1145 – Commerzbank

EUR/CHF stays bid as the Swiss franc remains weak. Attention is once more on the 1.1098 recent high. Above this level, the pair would target the 200-week moving average at 1.1145, per Commerzbank.

See:  EUR/CHF  to hover around the 1.09 mark by mid-year – CIBC

Key quotes

“EUR/CHF remains bid and attention is on 1.1098, the recent high. Above 1.1098 would introduce scope to the 200-week ma at 1.1145. Above here lies the 50% retracement of the entire move down from the 2018 peak at 1.1257.”  

“Longer-term, the market has recently completed a base, which offers an upside measured target to 1.1325.”  

“Initial support lies at 1.0957, the end of February low and 1.0891, the December high. It will stay bid above the 55-week ma at 1.0720.”

 

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.