EUR / CHF Analysis

EUR / CHF Analysis

On Monday, EUR / CHF followed a very sharp trend towards 1.0801 / 15, the downtrend of 2018 and 2019. The pair is retreating below 1.08 today, but the Credit Suisse analyst team expects the EUR / CHF to retest the 1.0815 level in question. “EUR / CHF followed a very sharp upward move from the 200-day average to see the 2018 bearish trend test. Ideally, we expect the market to take a breath in the overbought territory in line with the daily RSI momentum, rather than another attempt to overcome 1.0801 / 15. " “Continuity and breaking above 1.0801 / 15 will strengthen the idea of ​​a wider trend change over time. Resistance will be seen at 1.0828/38 after the 78.6% retracement of the May / July move. " “The support at 1.0794 is ideal for keeping the upward trend strong. It is likely to return to 1.0720 / 12, where we can expect to make a more harmonious effort. "