OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/CHF string resistance at 1.0964 – Commerzbank

FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, occasional bullish attempts in the cross could struggle around 1.0964.

Key Quotes

EUR/CHF remains side-lined. It recently topped at the 55 week ma, currently at 1.0963, our the focus is on its four month support line and the 55 day ma at 1.0860/52. This guards 1.0690 the mid July high and the 1.0531 late July low”.

“Rallies will find initial resistance at 1.0964, ahead of the 1.1050 September high. If seen the market is expected to fail here”.

Treasury yields moderately weak ahead of US retail sales

The yields on the safe haven treasury notes in the US are trading moderately weak ahead of the data in the US, which could show household spending ticked higher in September.
Read more Previous

United States Retail Sales (MoM) registered at 0.1%, below expectations (0.2%) in September

United States Retail Sales (MoM) registered at 0.1%, below expectations (0.2%) in September
Read more Next
Start livechat