FXStreet reports that Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, suggested EUR/CHF could move into a bullish stance if 1.0915 is cleared.

“EUR/CHF continues to consolidate at the 1.0877 September high. This area guards the June high at 1.0915. These levels are key, the market has recently eroded the 2018-2020 downtrend, while this implies that we are no longer in a down move, it will need to close above 1.0915 to confirm that we are now in a bull move.”

“First minor support along the 55 day moving average at 1.0770 may be revisited. Further support comes in at the 1.0748/12 late July, August and September lows and late October highs.”