Free Trial

Natixis, in a morning technical note,....>

EURO-SWISS
MNI (London)
EURO-SWISS: Natixis, in a morning technical note, seen suggesting that EUR/CHF
could have room to edge on toward Chf1.1560. Naixis says 'outlook remains
extremely favourable for the pair, which has already rebounded strongly since
testing the support at Chf1.12 at the start of last September: a small ascending
channel has formed in the daily chart, while daily indicators are very upbeat
and the weekly stochastic has turned markedly bullish. Under these conditions,
keep an eye on the resistance around Chf1.1444-1.1465 (weekly Bollinger moving
average), as a breakout above these levels would strengthen the upward momentum,
with as new target the resistance levels around 1.1560-1.1580 (weekly
parabolic).' Bank adds that EUR/CHF could even extend its rise towards Chf1.1755
(upper band of weekly Bollinger). 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.