EUR/CHF to target the 1.1325 level – Commerzbank

FXStreet Insights Team FXStreet

EUR/CHF is seeing a decent rebound from the 55-day moving average at 1.0980. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, spots the next level to watch at 1.1152.

EUR/CHF is bullish while above 1.0957

“EUR/CHF has seen a decent rebound the 55-day ma at 1.0980. While above 1.0957, the late February low, it remains bid.”

“Above the 1.1152 current March high lies the 50% retracement of the entire move down from the 2018 peak at 1.1255.”

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

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FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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