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23 Sep 2014
EUR/CHF: Waiting for a break - JPMorgan
FXStreet (Bali) - JP Morgan FX Strategists are waiting for either a break of 1.2063/28 or 1.2121/42 in EUR/CHF to set the next direction.
Key Quotes
"In EUR/CHF we are waiting for a range breakout between 1.2063/28 (minor 76.4 %/pivot) and 1.2121/42 (minor 38.2 %/pivot) to either challenge the 1.2000 floor or to challenge the upper T-junction at 1.2206/18 (int. 38. %/pivot)."
Key Quotes
"In EUR/CHF we are waiting for a range breakout between 1.2063/28 (minor 76.4 %/pivot) and 1.2121/42 (minor 38.2 %/pivot) to either challenge the 1.2000 floor or to challenge the upper T-junction at 1.2206/18 (int. 38. %/pivot)."