EUR/CHF: Sell the pullbacks? - Commerzbank

Karen Jones, Analyst at Commerzbank, provides the key EUR/CHF technical levels to watch out for in the day ahead.

Key Quotes:

“EUR/CHF has sold off to and is bouncing from its 55-day ma at 1.1619. We will need to close below here to negate the immediate upside bias. We remain unable to rule out an extension to the resistance line currently at 1.1820, but this looks less likely. We continue to highlight the 13 count on the daily chart and we look for the market to now fail.“

“Above 1.1820 we have very little until 1.20. Our attention is now on the 55-day ma at 1.1610 and recent low at 1.1544.“