5 Sep 2013
EUR/CHF breaks and hold above 1.2350
FXstreet.com (Barcelona) - The EUR/CHF foreign exchange cross rate is last trading at bids 1.2352 up +0.49% for the week so far, off fresh 2-week highs printed in late NY session at 1.2368 mostly on Swiss Franc weakness as the second weakest major currency in last 2 trading days only above Yen.
EUR/CHF showing positive stance on daily tool
“The move above 1.2329 resistance last session is seen boosting the rebound from 1.2278 low and supported by the positive stance seen on daily tools and eyeing next resistance at 1.2363,” said the FXMarketAlerts Team, adding: “ Setback below 1.2310 support will expose weakness.”
EUR/CHF key technical levels
Immediate resistance to the upside for EUR/CHF shows at August 23 highs 1.2363, followed by mentioned fresh 2-month NY session highs at 1.2368, and August 19 highs at 1.2371. To the downside, closest support lies at early London session highs 1.2349, followed by Tuesday's highs at 1.2342, and last Friday's highs at 1.2330.
EUR/CHF showing positive stance on daily tool
“The move above 1.2329 resistance last session is seen boosting the rebound from 1.2278 low and supported by the positive stance seen on daily tools and eyeing next resistance at 1.2363,” said the FXMarketAlerts Team, adding: “ Setback below 1.2310 support will expose weakness.”
EUR/CHF key technical levels
Immediate resistance to the upside for EUR/CHF shows at August 23 highs 1.2363, followed by mentioned fresh 2-month NY session highs at 1.2368, and August 19 highs at 1.2371. To the downside, closest support lies at early London session highs 1.2349, followed by Tuesday's highs at 1.2342, and last Friday's highs at 1.2330.