EUR/CHF targets the 200-week ma at 1.1145 – Commerzbank
|EUR/CHF stays bid as the Swiss franc remains weak. Attention is once more on the 1.1098 recent high. Above this level, the pair would target the 200-week moving average at 1.1145, per Commerzbank.
See: EUR/CHF to hover around the 1.09 mark by mid-year – CIBC
Key quotes
“EUR/CHF remains bid and attention is on 1.1098, the recent high. Above 1.1098 would introduce scope to the 200-week ma at 1.1145. Above here lies the 50% retracement of the entire move down from the 2018 peak at 1.1257.”
“Longer-term, the market has recently completed a base, which offers an upside measured target to 1.1325.”
“Initial support lies at 1.0957, the end of February low and 1.0891, the December high. It will stay bid above the 55-week ma at 1.0720.”
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