EUR/CHF lifted to fresh 7-week highs in the proximity of 1.0840 on Monday. Today, the pair is sliding below the 1.08 mark though. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, outlines EUR/CHF needs to close above the downtrend at 1.0833 to target the June peak at 1.0915. Key quotes “EUR/CHF has reached the 2018-2020 downtrend at 1.0833 and a close above here is needed to target the 1.0915 June high and the 1.1058 October 2019 high. We would allow for some consolidation here.” “Minor support lies 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 USD/JPY to stay heavy below the previous support at 106.00 – OCBC FX Street 3 years EUR/CHF lifted to fresh 7-week highs in the proximity of 1.0840 on Monday. Today, the pair is sliding below the 1.08 mark though. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, outlines EUR/CHF needs to close above the downtrend at 1.0833 to target the June peak at 1.0915. Key quotes “EUR/CHF has reached the 2018-2020 downtrend at 1.0833 and a close above here is needed to target the 1.0915 June high and the 1.1058 October 2019 high. We would allow for some consolidation here.” “Minor support lies at the 1.0712/09 March and June 23 highs and also at… 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.
