EUR / CHF heads up with resistance seen at 1.1098 / 1.1111 – Credit Suisse

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EUR / CHF remains strong after the recent break above 1.0916 / 15 and analysts at Credit Suisse expect the break above 1.1098 / 1111 to enable a continuation to 1.1255 / 65.

Key statements:

“We see room for further upside, with resistance initially seen at 1.1070, whose breakout would expose the pivot group at 1.1098 / 1.1111, the recent high and the 61.8% retracement of the 2019/2020 decline, where we would expect to see a first I try to be content. “

“Above the 1.1098 / 1.1111 region, EUR / CHF could subsequently see an acceleration of bullish momentum with resistance initially seen at the July 2019 high at 1.1172, with room for 1.1255 in the long term.”

“Support initially moves to 1.1026, then 1.1004 / 00, below which a small intraday high would complete to suggest a move back to 1.0963 / 56, where we would expect that zone to hold.”

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