Euro / Swissy technical chart and remarks viaCommerzbank
EUR/CHF continues to recover near term. We have a TD perfected set up on the daily chart - and the market is correcting higher. We would expect the rally to struggle circa 1.1300/12 (50% retracement and the 11th February low).
While capped by 1.1312, downside risks remain for losses potentially to the 55 month and 200 week moving averages at 1.1135/23. Unexpected failure there would open the way for the 4 year uptrend at 1.1090 to be reached.
Minor resistance can be seen at the 1.1260/71 late January low and Fibo and then 1.1312 the 11th February low.
Note from Tuesday Europe time.
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Earlier post on EUR/CHF today is here:
