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- EUR/CHF set to advance nicely, 1.1152/58 highs are in its crosshairs - Credit Suisse
EUR/CHF set to advance nicely, 1.1152/58 highs are in its crosshairs - Credit Suisse
FXStreet reports that analysts at Credit Suisse note that EUR/CHF continues to grind higher within its potential bull “flag”, with a break above 1.1118 triggering the pattern to open up a more dynamic move higher.
“We maintain that the EUR/CHF pair may be forming a larger bullish ‘flag’ continuation pattern and stay bullish.”
“Next resistance is seen at 1.1081/89, then 1.1118/23, above which would confirm the pattern to suggest the broader bull trend is resuming, with scope for a move to the 1.1152/58 highs initially and eventually beyond.”
“We look for 1.10012/06 to ideally hold, with more important support just below here at the broad 1.0975/56 zone.”
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