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16 Mar 2015
EUR/CHF bearish, target 1.0414 – Commerzbank
FXStreet (Barcelona) - Karen Jones, Head of Technical Analysis at Commerzbank, views that EUR/CHF remains offered after breaking below 1.0610, and further suggests remaining short on the pair, targeting 1.0414.
Key Quotes
“EUR/CHF has broken below 1.0610 and is offered. The Elliott wave count is implying that the market topped at 1.0811.”
“Rallies are expected to struggle 1.0625/1.0705.”
“Target is the 1.0414 9th February low.”
“Recommended trade: Sell rallies to 1.0625, add 1.0700, stop 1.0710.”
Key Quotes
“EUR/CHF has broken below 1.0610 and is offered. The Elliott wave count is implying that the market topped at 1.0811.”
“Rallies are expected to struggle 1.0625/1.0705.”
“Target is the 1.0414 9th February low.”
“Recommended trade: Sell rallies to 1.0625, add 1.0700, stop 1.0710.”