26 Mar 2015
EUR/CHF in a tight range above 1.0500
FXStreet (Edinburgh) - The Swiss franc is trading almost unchanged vs. the single currency on Thursday, with EUR/CHF currently hovering over 1.0525/20.
EUR/CHF rebounds from 1.0420
The cross has regained the 1.0500 handle and beyond following yesterday’s sharp sell of to the 1.0420 area backed by a solid buying interest around the euro. The European cross now returned to the implicit 1.05-1.10 range, deemed by market participants as the target range by the SNB.
In terms of data releases, EMU’s credit figures are due later ahead of speeches by SNB’s F.Zurbrugg and D.Moser.
EUR/CHF levels to watch
As of writing the cross is losing 0.09% at 1.0517 with the next support at 1.0464 (low Mar.25) ahead of 1.0422 (low Mar.24) and then 1.0414 (low Feb.9). On the flip side, a break above 1.0561 (50% of 1.0700-1.0422) would expose 1.0580 (high Mar.24) and finally 1.0658 (21-d MA).
EUR/CHF rebounds from 1.0420
The cross has regained the 1.0500 handle and beyond following yesterday’s sharp sell of to the 1.0420 area backed by a solid buying interest around the euro. The European cross now returned to the implicit 1.05-1.10 range, deemed by market participants as the target range by the SNB.
In terms of data releases, EMU’s credit figures are due later ahead of speeches by SNB’s F.Zurbrugg and D.Moser.
EUR/CHF levels to watch
As of writing the cross is losing 0.09% at 1.0517 with the next support at 1.0464 (low Mar.25) ahead of 1.0422 (low Mar.24) and then 1.0414 (low Feb.9). On the flip side, a break above 1.0561 (50% of 1.0700-1.0422) would expose 1.0580 (high Mar.24) and finally 1.0658 (21-d MA).