Currency Analyst since 2010

Commerzbank on EUR/CHF and USD/CHF

Analysts at Commerzbank think that EUR/CHF will be capped by 1.0600/70 on the upside. The pair will find itself under negative pressure to test 0.9715. Below support is at 0.9307. Initial support is at 1.0080.

As for USD/CHF, it may rise to 0.9128 (61.8% retracement). If it manages to rise above 0.9166, it will be able to get to 0.9608 (78.6% retracement). Below support at 0.9128/66 the pair will fall to 0.8835/25. A decline below 0.8767 will open the way to 0.8452 (Jan. 16 low).

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