EUR/CHF climbs to 1-week highs

FXStreet (Córdoba) - The EUR/CHF broke above 1.2190 and rose to 1.2199 reaching a 1-week high. The euro was able to erase losses against the Swiss Franc, that is among the worst performers across the board.

During the current week the pair found support at 1.2160 and then bounced to the upside pushed by a weak Swissy.

EUR/CHF levels to watch

To the upside immediate resistance lies at 1.2200 and above here at 1.2235 and 1.2260. While to the downside support levels might be located at 1.2180 (daily low) and then 1.2160 (May 6 low) and 1.2130.

EUR/USD treading water around 1.3750

It seems the selling nightmare is over for the EUR so far, with the EUR/USD now looking to stabilize in the 1.3855/50 region as the session draws to a close....
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Gold post lowest weekly close since February below $1,290

Spot gold fell moderately on Friday and finished hovering around $1,287, posting the lowest weekly close since February.
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