EURCHF Levels: Look for 1.1445

EUR/GBP

The downside prevails.

EURGBP

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Pivot (invalidation): 0.9005

Our preference
Short positions below 0.9005 with targets at 0.8965 & 0.8945 in extension.

Alternative scenario
Above 0.9005 look for further upside with 0.9030 & 0.9045 as targets.

Comment
The break below 0.9005 is a negative signal that has opened a path to 0.8965.

 

EUR/CHF

Look for 1.1445.

EURCHF

Pivot (invalidation): 1.1485

Our preference
Short positions below 1.1485 with targets at 1.1445 & 1.1420 in extension.

Alternative scenario
Above 1.1485 look for further upside with 1.1510 & 1.1535 as targets.

Comment
A break below 1.1445 would trigger a drop towards 1.1420.

This report has been prepared by AC Markets and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by AC Markets personnel at any given time. ACM is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.