OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/CHF support seen in the mid-1.2000s – Commerzbank

FXStreet (Edinburgh) - In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the cross could re-visit the recent support at the1.2055/45 band.

Key Quotes

EUR/CHF has failed ahead of the 1.2115 55 day ma”.

“The intraday Elliott wave counts have neutralised but the market is likely to struggle intraday to regain 1.2086/90 and are likely to retest support at 1.2055/45”.

“This guards 1.2000. Overhead resistance lies at 1.2133 the July low then the 1.2136 4 month downtrend and we would cover any longs ahead of here”.

Germany: Flash PMI Manufacturing drops more than expected in September

Preliminary German PMI Manufacturing decreased to 50.3 in September, from 51.4 in August, according to data released today by Markit. The result is below market consensus of 51.2 points.
Read more Previous

Hungary Current Account Balance (QoQ) down to 0.809B in 2Q from previous 1.067B

Read more Next
Start livechat