17 Mar 2015
EUR/CHF negative bias below 1.0710 – Commerzbank
FXStreet (Barcelona) - Karen Jones, Head of Technical Analysis at Commerzbank, remains bearish on EUR/CHF, targeting 1.0414.
Key Quotes
“The Elliott wave count is implying that the market topped at 1.0811.”
“Rallies are expected to struggle circa 1.0705.Above here retargets 1.0800/11.”
“Target is the 1.0414 9th February low.”
“Current position: Short 1.0625. Recommended trade: Add 1.0700, stop 1.0710. Exit 1.0420.”
Key Quotes
“The Elliott wave count is implying that the market topped at 1.0811.”
“Rallies are expected to struggle circa 1.0705.Above here retargets 1.0800/11.”
“Target is the 1.0414 9th February low.”
“Current position: Short 1.0625. Recommended trade: Add 1.0700, stop 1.0710. Exit 1.0420.”