EUR/CHF broke above 1.1023 on Wednesday and the pair increasingly looks as though it is trading in a potential bull “flag” continuation pattern, in the view of economists at Credit Suisse. EUR/CHF may be trading in a bull “flag” pattern “The market may actually be forming a larger bullish ‘flag’ continuation pattern and we therefore stay bullish. Next resistance is seen at 1.1064/67, then 1.1118/23, above which would confirm the pattern to suggest the broader bull trend is resuming, with scope for a move to the 1.1152/58 highs initially and eventually beyond.” “We now look for 1.1011 to ideally hold to maintain the new intraday base. Beyond here and then 1.0980/6 8 would instead reassert the topping scenario and see a move to the 61.8% retracement at 1.0906/0897 next.” 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 US Dollar Index Price Analysis: Extra losses look likely near-term FX Street 2 years EUR/CHF broke above 1.1023 on Wednesday and the pair increasingly looks as though it is trading in a potential bull "flag" continuation pattern, in the view of economists at Credit Suisse. EUR/CHF may be trading in a bull "flag" pattern "The market may actually be forming a larger bullish 'flag' continuation pattern and we therefore stay bullish. Next resistance is seen at 1.1064/67, then 1.1118/23, above which would confirm the pattern to suggest the broader bull trend is resuming, with scope for a move to the 1.1152/58 highs initially and eventually beyond." "We now look for 1.1011 to ideally… 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.
