OctaFX | OctaFX Forex Broker
Sign in
Open account
Back

EUR/CHF negative below 1.2178 – Commerzbank

FXStreet (Edinburgh) - The selling bias will prevail in the cross while below the 1.2178 level, observed Karen Jones, Head of FICC Technical Analysis at Commerzbank.

Key Quotes

“EUR/CHF dipped to 1.2087 on Friday, a level last seen in December 2012”.

“In case of a drop through it being seen the November 2012 low at 1.2030 will be targeted”.

“For today we expect it to stabilise around the 1.2101 March low”.

EUR/CHF will considered to be negative while trading below the 1.2178 late July high”.

“Initial resistance comes in around the 1.2133 early July low with more resistance coming in around the 55 day moving average at 1.2158”.

Metals to continue to decline near-term - Commerzbank

Over the past few days, base metal prices have declined somewhat and according to Barbara Lambrecht, analyst at Commerzbank, this correction looks set to continue in the near term, even though the trend of supply and demand argues for higher prices.
Read more Previous

BoE MPC minutes in the limelight - BTMU

Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ, underlines the significance of the MPC minutes ahead in the week....
Read more Next
Start livechat