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Forex Flash: EUR/CHF targets 1.2515 - Commerzbank

As the EUR/CHF sold off to, tested and was held by the 1.2258 (61.8% retracement), Commerzbank analysts point ou thtat the intraday chart is indicating that this is the end of the corrective phase and “that we should see recovery from here to 1.2515”, wrote analyst Karen Jones, pointing to a drop to 1.2173/68 (December high + 78.6% retracement) if below 1.2258. “While this holds on a closing basis, we should see the market stabilize once more and recover”, she added.

American equity markets pull back at opening Wednesday

The US Stock market experienced a generally negative opening Wednesday after a rapid resurgence of equities Tuesday that major indices notching sizable gains.
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