EUR/CHF: A decisive break below 1.06 to open door towards 1.0234-1.0264 - Citi

Market news

25 February 2020

EUR/CHF: A decisive break below 1.06 to open door towards 1.0234-1.0264 - Citi

eFXdata reports that Citi discusses EUR/CHF technical outlook and flags a scope for targeting 1.0234-1.0264 on a decisive break below 1.06.

"Intervention watch has become the topic of conversation for CHF/SNB watchers, and we wrote about limited options recently," Citi notes.

"EURCHF continues to sit at significant support around 1.06, and should we break lower, CitiFX Technicals see us visiting 1.0234-1.0264," Citi adds.

U.S. treasury yields fall as coronavirus concerns persist

OPEC hasn’t run out of ideas - Saudi energy minister

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.