29 Apr 2015
EUR/CHF flirting with 1.0500
FXStreet (Edinburgh) - The Swiss franc is depreciating further vs. its European peer on Wednesday, taking EUR/CHF to multi-day tops near 1.0500 the figure.
EUR/CHF in 5-week tops
The cross managed to rebound from recent lows in sub-1.0300 levels bolstered by a firmer buying interest around the euro and the SNB-induced weakness returning to the franc.
In the data space, EMU’s credit figures and the German flash CPI for the current month are due next, while the Consumption Indicator tracked by UBS in Switzerland improved to 1.35 during March, up from 1.21.
EUR/CHF relevant levels
The cross is now advancing 0.05% at 1.0500 facing the next hurdle at 1.0546 (high Mar.25) ahead of 1.0601 (high Mar.23) and then 1.0699 (high Mar.19). On the flip side, a breach of 1.0380 (low Apr.28) would aim for 1.0348 (low Apr.27) and finally1.0242 (low Apr.22).
EUR/CHF in 5-week tops
The cross managed to rebound from recent lows in sub-1.0300 levels bolstered by a firmer buying interest around the euro and the SNB-induced weakness returning to the franc.
In the data space, EMU’s credit figures and the German flash CPI for the current month are due next, while the Consumption Indicator tracked by UBS in Switzerland improved to 1.35 during March, up from 1.21.
EUR/CHF relevant levels
The cross is now advancing 0.05% at 1.0500 facing the next hurdle at 1.0546 (high Mar.25) ahead of 1.0601 (high Mar.23) and then 1.0699 (high Mar.19). On the flip side, a breach of 1.0380 (low Apr.28) would aim for 1.0348 (low Apr.27) and finally1.0242 (low Apr.22).