18 Jun 2015
EUR/CHF testing lows near 1.0450
FXStreet (Edinburgh) - The Swiss franc is now slightly appreciating vs. its European peer on Thursday, taking EUR/CHF to daily lows in the mid-1.0400s.
EUR/CHF attention to the SNB
The cross is trading in a narrow range today, retreating since Tuesday and looking to consolidate the bounce off Wednesday’s lows in the 1.0400 neighborhood ahead of the SNB monetary policy meeting due later.
In the data space, the Swiss trade surplus widened to CHF 3.433 billion during the last month, surpassing estimates at CHF 2.720 billion and up from April’s CHF 2.658 billion.
EUR/CHF levels to consider
At the moment the cross is retreating 0.05% at 1.0449 facing the next support at 1.0404 (low Jun.17) followed by 1.0400 (low Jun.3) and then 1.0392 (daily cloud base). On the upside, a break above 1.0555 (high Jun.11) would aim for 1.0574 (high Jun.4) and finally 1.0591 (61.8% of 1.0811-1.0236).
EUR/CHF attention to the SNB
The cross is trading in a narrow range today, retreating since Tuesday and looking to consolidate the bounce off Wednesday’s lows in the 1.0400 neighborhood ahead of the SNB monetary policy meeting due later.
In the data space, the Swiss trade surplus widened to CHF 3.433 billion during the last month, surpassing estimates at CHF 2.720 billion and up from April’s CHF 2.658 billion.
EUR/CHF levels to consider
At the moment the cross is retreating 0.05% at 1.0449 facing the next support at 1.0404 (low Jun.17) followed by 1.0400 (low Jun.3) and then 1.0392 (daily cloud base). On the upside, a break above 1.0555 (high Jun.11) would aim for 1.0574 (high Jun.4) and finally 1.0591 (61.8% of 1.0811-1.0236).