EUR / CHF is losing momentum to the downside as it approaches the 2020 low of 1.0505, explains Karen Jones, head of the technical analysis research team at Commerzbank. It warns that a break below this level would open the way for a visit to the April 2015 low at 1.0255. Key statements: “EUR / […]
Tag: EURCHF
EUR / CHF extends decline and challenges 1.0700 critical zone
Risk aversion, rising energy prices in Europe and supply bottlenecks weigh on the EUR / CHF. Swiss franc among top performers on Wednesday. Breaking below 1.0700 would open the doors of EUR / CHF towards 1.0660 After a break on Tuesday, the EUR/CHF It resumed the slide and fell to 1.0706, reaching the lowest intraday […]
Significant EUR / CHF downside potential if seismic shift to the left – Credit Suisse
Germany heads to the general elections on Sunday, September 26. Credit Suisse strategists investigate the implications of different scenarios for their current bearish sentiment on EUR/CHF. Overall, they stick to their current EUR / CHF target of 1.0650. Bearish view of EUR / CHF in all scenarios “We only see a modest rise for the […]
The downtrend will have finished breaking above 1.0925 – Credit Suisse
Credit Suisse analysts explain that EUR / CHF has reached the 200-day moving average at 1.0897 and warn that they could point to the 2021 downtrend at 1.0925. Key statements: “The recent break above 1.0847 confirmed a large base suggesting that the medium-term downtrend may have come to an end, with the daytime MACD also […]
EUR / CHF to resume uptrend once above 1.1118 – Credit Suisse
EUR / CHF may be trading in a “bullish flag” pattern, however a break above 1.1118 is needed to confirm this, analysts at Credit Suisse say. Key statements: “We maintain our view that the market may be forming a larger bullish ‘flag’ continuation pattern despite the recent setback and therefore remain bullish.” “The next resistance […]
EUR / CHF to approach 1.11 by the end of the year – Rabobank
Jane Foley, Senior Currency Strategist at Rabobank, expects EUR / CHF to advance towards 1.11 by the end of this year. However, he warns that the pair is likely to fall to the 1.10 level this quarter. Key statements: “The sensitivity of the CHF to safe haven flows means that it is likely that continue […]
Downward correction would remain above the 1.1050-1.0990 zone – Commerzbank
The EUR / CHF has met the Commerzbank analyst team’s target at the 200-week moving average of 1.1146. They expect some profit taking here but indicate that it should hold above the 1.1050-1.0990 region. Key statements: “The EUR / CHF last week reached the 200-week moving average at 1.1146. We would allow some profit taking […]
EUR / CHF heads up with resistance seen at 1.1098 / 1.1111 – Credit Suisse
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 […]
Expectativa de suba a 1.1050 – Credit Suisse
Credit Suisse economists expect the EUR / CHF to move higher towards 1.1050. Key statements: “We would expect refugee-seeking flows to Switzerland to decline and even reverse in light of the current risk-positive environment.” “The SNB will remain very moderate and is ready to intervene if necessary.” “A setback in the COVID-19 crisis and an […]
EUR / CHF could advance towards 1.0900 in 2021 – Danske Bank
Following the easing rally in EUR / CHF since early summer, the pair is largely unchanged and was last seen trading at 1.0840. A higher EUR / USD expected in the short term will also lift the EUR / CHF, in the view of economists from Danish bank. “The SNB is preparing to continue to […]
