21 Jan 2015
EUR/CHF falls below parity
FXStreet (San Francisco) - The Euro is falling below the 1.000 level against the Swiss Franc following rumors that the ECB is considering €50bn in QE per month through to the end of 2016 according to Bloomberg.
Currently, EUR/CHF is trading at 0.9978, down -1.38% on the day, having posted a daily high at 1.0140 and low at 0.9848. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.
EUR/CHF levels
If the pair consolidates levels below the 1.0000, the pair will find new supports are at 0.9840 and 0.9750. To the upside, resistances are at 1.0130, 1.0220 and 1.0250.
Currently, EUR/CHF is trading at 0.9978, down -1.38% on the day, having posted a daily high at 1.0140 and low at 0.9848. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.
EUR/CHF levels
If the pair consolidates levels below the 1.0000, the pair will find new supports are at 0.9840 and 0.9750. To the upside, resistances are at 1.0130, 1.0220 and 1.0250.