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EUR/CHF bullish above 1.0897 – Commerzbank

FXStreet (Edinburgh) - In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the bias remains tilted to the upside when above the 1.0897 level.

Key Quotes

EUR/CHF has rallied to and is currently capped by the 55 week ma at 1.1048”.

“The market has recently broken higher from a symmetrical triangle. This offers an upside measured target to 1.1143. We will maintain this target while above the 1.0897 support line. The market remains steady while above 1.0700/1.0690 (27th July high)”.

“Below 1.0690, the 1.0531 late July low is found”.

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