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2 Apr 2015
Downward bias in EUR/CHF below 1.0700 – Commerzbank
FXStreet (Edinburgh) - Axel Rudolph, Senior Technical Analyst at Commerzbank, remarked the negative bias in the cross in sub-1.0700 level.
Key Quotes
“EUR/CHF continues to trade below the one month resistance line at 1.0641 and yesterday made a two month low at 1.0395, slightly below the February 9 low at 1.0414”.
“Below it lies the January 16 high at 1.0250”.
“A downward bias will be maintained while EUR/CHF trades below last week’s low at 1.0700. Above it lies the February high at 1.0811”.
Key Quotes
“EUR/CHF continues to trade below the one month resistance line at 1.0641 and yesterday made a two month low at 1.0395, slightly below the February 9 low at 1.0414”.
“Below it lies the January 16 high at 1.0250”.
“A downward bias will be maintained while EUR/CHF trades below last week’s low at 1.0700. Above it lies the February high at 1.0811”.