EUR/CHF looks to the March highs at 1.1152 – Commerzbank
|EUR/CHF is seeing a decent rebound from the 55-day moving average at 1.0984. Karen Jones, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the pair to reach the March high at 1.1152.
EUR/CHF is bullish while above 1.0957
“While above 1.0957, the late February low, EUR/CHF 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.”
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 assets. 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 Open Markets 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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.