• EUR/CHF: Further in-range strength is expected after the strong surge – Credit Suisse

Market news

2 February 2021

EUR/CHF: Further in-range strength is expected after the strong surge – Credit Suisse

FXStreet reports that analysts at Credit Suisse discuss EUR/CHF prospects.

“We see near-term resistance next at 1.0841/42, before 1.0864/68, which is the start of a tougher band of resistance that we expect to continue defining the top end of the recent range. Above here would see a test of the key 38.2% retracement of the 2019/2020 fall at 1.0876/78, where we would expect to see a concerted effort to cap. Support moves initially to 1.0809, which ideally holds to keep the immediate upside bias intact. Beyond here could see a move back to 1.0792/91 and then to 1.0761/50.”

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