19 Jan 2015
EUR/CHF extends recovery
FXStreet (Córdoba) - The euro continued to recover ground against the Swiss franc on Monday and printed a fresh daily high at 1.0213. Currently trades at 1.0190, up 250 pips from Friday’s closing price.
EUR/CHF near Friday’s highs
Today’s rally brought the price near the highest level that EUR/CHF reached last Friday at 1.0250. Above here resistance levels could be located at 1.0325 and then 1.0460 and 1.0600 (pos SNB decision high). To the downside support might be located at 1.0150 (European session high) and 1.0055 and 0.9980.
The pair has moved so far on a 340 pips range with is extremely large on historical standards but compared to the previous two trading days, shows that volatility is slowly falling.
EUR/CHF near Friday’s highs
Today’s rally brought the price near the highest level that EUR/CHF reached last Friday at 1.0250. Above here resistance levels could be located at 1.0325 and then 1.0460 and 1.0600 (pos SNB decision high). To the downside support might be located at 1.0150 (European session high) and 1.0055 and 0.9980.
The pair has moved so far on a 340 pips range with is extremely large on historical standards but compared to the previous two trading days, shows that volatility is slowly falling.