- Analytics
- News and Tools
- Market News
- EUR/CHF to surge higher towards the 1.1152/58 highs and beyond - Credit Suisse
EUR/CHF to surge higher towards the 1.1152/58 highs and beyond - Credit Suisse
FXStreet reports that EUR/CHF broke above 1.1023 on Wednesday and in the view of economists at Credit Suisse the pair increasingly looks as though it is trading in a potential bull “flag” continuation pattern.
“The market may actually be forming a larger bullish ‘flag’ continuation pattern and we, therefore, stay bullish. Next resistance is seen at 1.1064/67, then 1.1118/23, above which would confirm the pattern to suggest the broader bull trend is resuming, with scope for a move to the 1.1152/58 highs initially and eventually beyond.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
