The single currency has made 2 tops in the resistance area between 1.3030 and 1.3070 trading versus the Swiss franc.

Technical analysts at Commerzbank claim that the pair EUR/CHF is going to consolidate below this level. The specialists believe that euro will find support at 1.2825 and then at 1.2765/1.2700.

According to Commerzbank, as long as the European currency is trading above 1.2765/1.2700, it will be able to gain more. When euro breaks up 1.3070, it’ll get enough strength to rise to the 200-day MA at 1.3431.



Chart. H1 EUR/CHF

More info about FBS