EUR/CHF bounces off the 55-day moving average at 1.0632 and though the Commerzbank analyst team does not rule out short-term slippage, they see the pair testing the 1.0915 June high on a break of the 1.0745 200-day moving average. Key quotes “EUR/CHF bounced off the 55-day moving average at 1.0632 and has the June 23 and 30 highs at 1.0699/1.0711 in its sights.” “Ideally, we would like to soon see a recovery, however, we cannot rule out some near-term slippage to the 1.0593 78.6% Fibonacci support. Provided the cross holds in this vicinity we should see a retest of the 1.0915 June high. Initial resistance is the 200-day moving average at 1.0745.” “A daily chart close above 1.0915 would target the 1.1058 October 2019 high. Above it meanders the 200-week moving average at 1.1139.” “Below the 78.6% Fibonacci support at 1.0593 lies the 1.0577 May 25 low which guards the 1.0509/05 April and May lows (not favoured).” 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/USD: Triple top at 1.1350 points lower FX Street 3 years EUR/CHF bounces off the 55-day moving average at 1.0632 and though the Commerzbank analyst team does not rule out short-term slippage, they see the pair testing the 1.0915 June high on a break of the 1.0745 200-day moving average. Key quotes “EUR/CHF bounced off the 55-day moving average at 1.0632 and has the June 23 and 30 highs at 1.0699/1.0711 in its sights.” “Ideally, we would like to soon see a recovery, however, we cannot rule out some near-term slippage to the 1.0593 78.6% Fibonacci support. Provided the cross holds in this vicinity we should see a retest of the… 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.
