30 Apr 2015
EUR/CHF challenges tops near 1.0450
FXStreet (Edinburgh) - The Swiss franc is now losing the grip vs. the single currency, lifting EUR/CHF to the mid-1.0400s.
EUR/CHF down from 1.0500
The cross has been rejected once again from the weekly tops in the 1.0500 neighbourhood, triggering a knee-jerk to today’s troughs in the 1.0430. The increasing buying interest around the euro helped the cross climb further, although the recent tone from the FOMC removed some tailwinds from the EUR.
Next on tap in the euro region will be the German unemployment figures followed by key preliminary inflation figures in the euro bloc.
EUR/CHF relevant levels
As of writing the pair is flat at 1.0450 with the next resistance at 1.0508 (high Apr.29) ahead of 1.0524 (50% of 1.0811-1.0236) and then 1.0580 (high Mar.24). On the flip side, a breakdown of 1.0382 (low Apr.28) would aim for 1.0312 (low Apr.23) and finally 1.0236 (low Apr.21).
EUR/CHF down from 1.0500
The cross has been rejected once again from the weekly tops in the 1.0500 neighbourhood, triggering a knee-jerk to today’s troughs in the 1.0430. The increasing buying interest around the euro helped the cross climb further, although the recent tone from the FOMC removed some tailwinds from the EUR.
Next on tap in the euro region will be the German unemployment figures followed by key preliminary inflation figures in the euro bloc.
EUR/CHF relevant levels
As of writing the pair is flat at 1.0450 with the next resistance at 1.0508 (high Apr.29) ahead of 1.0524 (50% of 1.0811-1.0236) and then 1.0580 (high Mar.24). On the flip side, a breakdown of 1.0382 (low Apr.28) would aim for 1.0312 (low Apr.23) and finally 1.0236 (low Apr.21).