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EUR/CHF bid above 1.0800 – Commerzbank

FXStreet (Edinburgh) - In the view of Karen Jones, Head of FICC Technical Analyst at Commerzbank, the cross remains bid while above the 1.0800/12 area.

Key Quotes

EUR/CHF continues to hold upside potential near term and while above 1.0800/12 we will consider that the market is bid. Initial resistance is 1.0950/65 ahead of 1.1050 the September high”.

“Below 1.0800 will leaves the market vulnerable to losses to the 1.0713 August low and 1.0690, the mid-July high”.

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