- Analytics
- News and Tools
- Market News
- EUR/CHF: Beak above 1.0993 turns risks higher for a move to 1.1060 - Credit Suisse
EUR/CHF: Beak above 1.0993 turns risks higher for a move to 1.1060 - Credit Suisse
FXStreet notes that EUR/CHF surged higher on Wednesday after completing a small base above 1.0990/93. Despite the reversal this morning, analysts at Credit Suisse stay biased higher.
“EUR/CHF maintains a small base despite this morning’s reversal lower following the recent break above 1.0990/93, which keeps the risks tactically higher within the downward channel of the past couple of months. This is reinforced by the tentative turn higher in daily MACD momentum.”
“Next resistance is seen at 1.1022/29, which capped the market yesterday, before 1.1060/77, which we would expect to cap to keep the market in its downward channel."
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
