The EUR/CHF keep going down Credit Suisse economists look for a break below 1.0096/86 to open a move towards parity.
Potential “measured triangle target” seen at 0.9609/00
“We expect a further low to follow. Support initially holds at 1.0096/86, which we expect to break to support a further move lower to parity, ahead of our long-duration core target at 0.9839/30” .
We note that the potential “measured triangle target” is seen at 0.9609/00″.
“Immediate resistance is seen at 1.0216/33 and then higher at the recent break point 1.0339. A quick return above here would potentially nullify the strong break, although only a sustained break above 1.0514/15 would lead us to question our negative medium-term outlook.”
Source: Fx Street
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
