Back
23 Feb 2015
EUR/CHF consolidating around 1.0740
FXStreet (Edinburgh) - The Swiss franc is depreciating vs. its European peer on Monday, pushing EUR/CHF to the area of 1.0730/40.
EUR/CHF up despite EUR-weakness
The cross is posting significant gains following the appreciation of the USD/CHF, all against a backdrop of a better sentiment in the US dollar. Data wise in the Alpine economy, the Employment Level, the Consumption Indicator gauged by UBS and Industrial Production are all due ahead in the week.
The cross is correcting lower from last week’s highs above 1.0800 the figure (the highest level after the SNB removed the cap) boosted by the increasing intervention in the markets by the SNB.
EUR/CHF relevant levels
At the moment the cross is up 0.36% at 1.0734 with the next resistance at 1.0811 (high Feb.20) followed by 1.0900 and 1.1000 (psychological handles). On the downside, a break below 1.0665 (low Feb.20) would aim for 1.0641 (200-h MA) and finally 1.0633 (low Feb.18).
EUR/CHF up despite EUR-weakness
The cross is posting significant gains following the appreciation of the USD/CHF, all against a backdrop of a better sentiment in the US dollar. Data wise in the Alpine economy, the Employment Level, the Consumption Indicator gauged by UBS and Industrial Production are all due ahead in the week.
The cross is correcting lower from last week’s highs above 1.0800 the figure (the highest level after the SNB removed the cap) boosted by the increasing intervention in the markets by the SNB.
EUR/CHF relevant levels
At the moment the cross is up 0.36% at 1.0734 with the next resistance at 1.0811 (high Feb.20) followed by 1.0900 and 1.1000 (psychological handles). On the downside, a break below 1.0665 (low Feb.20) would aim for 1.0641 (200-h MA) and finally 1.0633 (low Feb.18).