9 Mar 2015
EUR/CHF advances beyond 1.0700
FXStreet (Edinburgh) - The common currency is picking up pace on Monday, now lifting EUR/CHF to the 1.0710/15 area.
EUR/CHF capped by 1.0720
The cross remains in a tight range today, although the upside seems to have run out of legs in the area of 1.0720 today. The sideline pattern between 1.0600 and 1.0800 seems to prevail in the recent two weeks, always against the backdrop of the increasing EUR bearishness following the ECB’s QE and the occasional intervention by the SNB.
EUR/CHF levels to consider
The cross is now up 0.19% at 1.0709 with the immediate hurdle at 1.0760 (high Mar.3) followed by 1.0800 (high Feb.25) and then 1.0811 (high Feb.20). On the downside a breach of 1.0630 (low Mar.4) would aim for 1.0610 (low Feb.27) and finally 1.0554 (low Feb.16).
EUR/CHF capped by 1.0720
The cross remains in a tight range today, although the upside seems to have run out of legs in the area of 1.0720 today. The sideline pattern between 1.0600 and 1.0800 seems to prevail in the recent two weeks, always against the backdrop of the increasing EUR bearishness following the ECB’s QE and the occasional intervention by the SNB.
EUR/CHF levels to consider
The cross is now up 0.19% at 1.0709 with the immediate hurdle at 1.0760 (high Mar.3) followed by 1.0800 (high Feb.25) and then 1.0811 (high Feb.20). On the downside a breach of 1.0630 (low Mar.4) would aim for 1.0610 (low Feb.27) and finally 1.0554 (low Feb.16).