EURCHF Levels: Look for 1.1445

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/GBP

The downside prevails.

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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.

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.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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