EUR/CHF keeps the sideline pattern – Commerzbank

FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the cross keeping its consolidative pattern for the time being.

Key Quotes

“EUR/CHF remains side-lined. It recently topped at the 55 week ma, currently at 1.0985, but yesterday bounced off its four month support line and the 55 day ma at 1.0855/40. This guards the 1.0531 late July low”.

“Rallies will find initial resistance at 1.0985, ahead of the 1.1050 September high”.