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11 Sep 2015
EUR/CHF firmer, 1.10 on sight
FXStreet (Edinburgh) - The Swiss franc keeps depreciating vs. the single currency at the end of the week, with EUR/CHF testing highs near 1.0980.
EUR/CHF in multi-month tops
The cross is navigating the highest levels since the SNB move in January, flirting with the psychological handle at 1.1000 amidst a 3-week rally since late August levels around 1.0700.
In addition, the better tone in the risk-associated universe as of late has prompted market participants to fly away from the safe haven CHF, collaborating with the upside.
EUR/CHF levels to consider
As of writing the cross is advancing 0.01% at 1.0979 facing the next resistance at 1.1000 (psychological level). On the other hand, a breach of 1.0922 (low Sep.10) would expose 1.0878 (low Sep.9) and finally 1.0832 (low Sep.7).
EUR/CHF in multi-month tops
The cross is navigating the highest levels since the SNB move in January, flirting with the psychological handle at 1.1000 amidst a 3-week rally since late August levels around 1.0700.
In addition, the better tone in the risk-associated universe as of late has prompted market participants to fly away from the safe haven CHF, collaborating with the upside.
EUR/CHF levels to consider
As of writing the cross is advancing 0.01% at 1.0979 facing the next resistance at 1.1000 (psychological level). On the other hand, a breach of 1.0922 (low Sep.10) would expose 1.0878 (low Sep.9) and finally 1.0832 (low Sep.7).