8 Jul 2015
EUR/CHF shoots to highs near 1.0450
FXStreet (Edinburgh) - The Swiss franc is rapidly losing ground vs. the euro on Wednesday, pushing EUR/CHF to the mid-1.0400s, or session tops.
EUR/CHF in 2-day highs
The cross is printing 2-day highs near 1.0450 after suddenly breaking the consolidative pattern around the 1.0400 handle. The upside in the cross finds catalysts in the USD buying vs. CHF, also boosting USD/CHF to daily tops in the boundaries of 0.9500.
There are no data releases in Euroland or Switzerland today, while the FOMC minutes and Greek headlines remain the exclusive drivers ahead in the session.
EUR/CHF key levels
The cross is now up 0.26% at 1.0445 facing the next hurdle at 1.0471 (high Jul.3) followed by 1.0524 (high Jul.2) and finally 1.0546 (high Jun.26). On the other hand, a break below 1.0366 (low Jul.7) ahead of 1.0322 (low Jun.30) and then 1.0280 (low May 29).
EUR/CHF in 2-day highs
The cross is printing 2-day highs near 1.0450 after suddenly breaking the consolidative pattern around the 1.0400 handle. The upside in the cross finds catalysts in the USD buying vs. CHF, also boosting USD/CHF to daily tops in the boundaries of 0.9500.
There are no data releases in Euroland or Switzerland today, while the FOMC minutes and Greek headlines remain the exclusive drivers ahead in the session.
EUR/CHF key levels
The cross is now up 0.26% at 1.0445 facing the next hurdle at 1.0471 (high Jul.3) followed by 1.0524 (high Jul.2) and finally 1.0546 (high Jun.26). On the other hand, a break below 1.0366 (low Jul.7) ahead of 1.0322 (low Jun.30) and then 1.0280 (low May 29).