• EUR/CHF to target June peak at 1.0915 on a break above the 1.0877 – Commerzbank

Market news

7 October 2020

EUR/CHF to target June peak at 1.0915 on a break above the 1.0877 – Commerzbank

FXStreet reports that the EUR/CHF pair will target the June peak at 1.0915 on a break of the 1.0877 recent high, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports.

“The July, August and September lows down to 1.0712 have held and while intact scope for recovery to the 1.0850/60 region remains, this is long-term Fibonacci resistance.” 

“A close above the 1.0850/60 area and preferably above the 1.0877 recent high is needed to target the 1.0915 June high and the 1.1058 October 2019 high.” 

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