EUR/CHF: December and January lows at 1.0739/36 offer support – Commerzbank

EUR/CHF hit good support at 1.0739/36, the December and January lows, which so far held. A break below there would introduce scope to 1.0643, according to Axel Rudolph, Senior FICC Technical Analyst at Commerzbank.

EUR/CHF has found initial support at 1.0739/36

“The 1.0736 December low is regarded as the break down point to the 1.0629 November low.” 

“Nearby resistance is seen at the 1.0786/1.0805 February and midJuly lows. Further resistance comes in at the June low at 1.0872 and also at the May 11 and 24 lows at 1.0925/27.”