This via Commerzbank on EUR/CHF (note from overnight)
- EUR/CHF continues to hover around the 1.1183 September low and we have a TD perfected set up on the daily chart - this is a warning signal.
- We would lighten up short positions BUT acknowledge that downside risks remain for losses potentially to the 55 month and 200 week moving averages at 1.1131/23.
- Unexpected failure there would open the way for the 4 year uptrend and September 2015 high at 1.1086/50 to be reached. Minor resistance can be seen between the 1.1216/26 early and late December lows and also at the 1.1260 late January low
They nominate support and resistance as follows;
