15 Jun 2015
EUR/CHF reverses losses and climbs above 1.0500
FXStreet (Córdoba) - EUR/CHF has risen more than 100 pips throughout the day, reaching its highest level since Thursday, despite the lack of progress in Greek negotiations.
After falling to a 2-week low of 1.0420 at the weekly opening, EUR/CHF managed to shrug off Greek concerns and bounced, reaching a high of 1.0538 in recent dealings. At time of writing, the pair is trading at 1.0530, up 0.75% on the day.
The Swiss franc is among the worst performers, with USD/CHF also rising more than 100 pips to a high of 0.9383 before pulling back.
EUR/CHF technical levels
In terms of technical levels, EUR/CHF could find immediate resistances at 1.0538 (Jun 15 high), 1.0553 (Jun 11 high) and 1.0572 (Jun 4 high). On the other hand, supports are seen at 1.0419 (Jun 15 low), 1.0400 (psychological level) and 1.0383 (May 25 high).
After falling to a 2-week low of 1.0420 at the weekly opening, EUR/CHF managed to shrug off Greek concerns and bounced, reaching a high of 1.0538 in recent dealings. At time of writing, the pair is trading at 1.0530, up 0.75% on the day.
The Swiss franc is among the worst performers, with USD/CHF also rising more than 100 pips to a high of 0.9383 before pulling back.
EUR/CHF technical levels
In terms of technical levels, EUR/CHF could find immediate resistances at 1.0538 (Jun 15 high), 1.0553 (Jun 11 high) and 1.0572 (Jun 4 high). On the other hand, supports are seen at 1.0419 (Jun 15 low), 1.0400 (psychological level) and 1.0383 (May 25 high).