Forex Flash: EUR/CHF could break above 1.2650 towards 1.33/35 - ANZ

FXstreet.com (Barcelona) - The fact that EURCHF has a manipulated base, doesn't mean EURCHF no longer has technical credibility, says ANZ FX team, who thinks recent price action "implies a break to the upside."

The bank adds: "The aligning of retracement with an area of previous resistance, support and congestion is highly attractive and suggests that EURCHF could break above 1.2650 (38.2%) towards the 1.33-135 area or even extend to 142-143..."