OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/CHF could re-test 1.0804 – Commerzbank

FXStreet (Edinburgh) - In the opinion of Axel Rudolph, Senior Technical Analyst at Commerzbank, the cross could attempt another visit to the 1.0804 level.

Key Quotes

EUR/CHF topped at the 55 week ma at 1.1026”.

“The current bounce is still expected to fizzle out ahead of or around the 1.0964 August peak”.

“As long as this is the case, losses back to the 1.0804 three month support line and the 1.0700/1.0690 July 27 high should be seen. This guards the 1.0531 late July low”.

USD/JPY hovers around 200-DMA, awaits US GDP

The USD bulls await on the sidelines ahead of the US Q2 GDP report, leaving the USD/JPY pair hovering around its 200-DMA located at 120.87 levels.
Read more Previous

EUR/HUF flirting with highs near 315.00

The Hungarian forint is trading on a softer tone vs. the single currency on Friday, allowing EUR/HUF to climb to daily tops near 315.00 the figure...
Read more Next
Start livechat