DJones] Barclays Capital is looking to buy EUR/CHF dips to 1.20 for a test of the 1.2040-50 area. This range pretty much encapsulates trade for the last couple of weeks. EUR/CHF now at 1.2017.
(see what a discovery from MIG)
1228 GMT [Dow Jones] EUR/CHF needs to close above 1.2070, says MIG Bank, to suggest a base is in place, a close above 1.2147 would be confirmation and call for a return to broken support at 1.2226. For now the cross is trapped between 1.2000 and 1.2040, and the bank says while 1.2050-1.2070 caps any recovery, it sees a risk of a break below 1.20. EUR/CHF now at 1.2020. ([email protected])
(see what a discovery from MIG)
1228 GMT [Dow Jones] EUR/CHF needs to close above 1.2070, says MIG Bank, to suggest a base is in place, a close above 1.2147 would be confirmation and call for a return to broken support at 1.2226. For now the cross is trapped between 1.2000 and 1.2040, and the bank says while 1.2050-1.2070 caps any recovery, it sees a risk of a break below 1.20. EUR/CHF now at 1.2020. ([email protected])