And you? When will you begin that long journey into yourself? Rumi
Idea Transcript
FOLLOW US ON
| FXStreet Blog | Newsletter
FXStreet HOME
RATES & CHARTS
NEWS
ANALYSIS
LATEST NEWS Filter by topic in News
WELCOME
Results
ECONOMIC CALENDAR
CRYPTOS
LIVE VIDEO
EDUCATION
Log in
Sign Up
BROKERS
We use cookies to enhance your experience like remembering your Time Zone. By closing this message you are Find in our content... agreeing to our use of cookies. Learn more
See latest News
EUR/CHF: Scope for the 1.1800 resistance line, but this should hold Commerzbank FXStreet | Dec 11 2017, 12:54 GMT
No more content to load
NEWS | Dec 11 2017, 12:54 GMT
EUR/CHF: Scope for the 1.1800 resistance line, but this should hold Commerzbank By Eren Sengezer
"EUR/CHF continues to hold steady near term," writes Karen Jones, Head of FICC Technical Analysis at Commerzbank. We remain unable to rule out an extension to the resistance line currently at 1.1800, but we would allow for this to hold the initial test, we note the 13 count again on the daily chart and we look for the market to now fail. Above 1.1800 we have very little until 1.20. Our attention however is on the uptrend at 1.1597. This is reinforced by the 55 day ma at 1.1592 and recent low at 1.1544. Failure at 1.1544 will target the next lower 1.1389/62 September and October lows would target the 1.1261/59 August lows. A move below the 1.1261/59 August lows is needed to negate the up move.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.