OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/CHF bearish, could test 1.0713 – Commerzbank

FXStreet (Edinburgh) - The bearish outlook in the cross could allow a test of 1.0713 and below, according to Karen Jones, Head of FICC Technical Analysis at Commerzbank.

Key Quotes

EUR/CHF is seeing a tiny rebound – we remain bearish following rejection by the 55 week ma, currently at 1.0870, and the 1.0884 resistance line. We look for losses to the 1.0713 August low and 1.0690, the mid-July high, and then the 1.0531 late July low”.

“Above 1.0870/84 (not favoured), resistance remains to be seen at 1.0963/64, ahead of the 1.1050 September high. If seen the market is expected to fail here”.

AUD/USD faces tough resistance at 0.7170/0.7200 – OCBC

According to Emmanuel Ng, FX Strategist at OCBC Bank, the Aussie dollar could face strong resistance around 0.7170/0.7200...
Read more Previous

EUR/USD a sell on rallies – Westpac

Strategist at Westpac Richard Franulovich recommended selling the pair on bullish attempts towards 1.08...
Read more Next
Start livechat