2 Feb 2015
EUR/CHF steadies around 1.0500
FXStreet (Córdoba) - EUR/CHF pulled back from highs and stabilized around the 1.05 mark during the American session after rallying to 2-week highs amid signs the SNB has been intervening, aiming an informal band of 1.05-1.10.
EUR/CHF climbed to a high of 1.0586 during the European session before pulling back to opening levels. However, with the downside being contained by the 1.0465 zone, the pair was confined to a phase of consolidation centered in 1.0500. At time of writing, the pair is trading at 1.0520, still up 1.43% on the day.
EUR/CHF levels to watch
As for technical levels, EUR/CHF could find immediate resistances at at 1.0586 (daily high) and 1.0600 (psychological level). On the flip side, supports are seen at 1.0401/00 (daily low/psychological level) and 1.0353 (Jan 30 low).
EUR/CHF climbed to a high of 1.0586 during the European session before pulling back to opening levels. However, with the downside being contained by the 1.0465 zone, the pair was confined to a phase of consolidation centered in 1.0500. At time of writing, the pair is trading at 1.0520, still up 1.43% on the day.
EUR/CHF levels to watch
As for technical levels, EUR/CHF could find immediate resistances at at 1.0586 (daily high) and 1.0600 (psychological level). On the flip side, supports are seen at 1.0401/00 (daily low/psychological level) and 1.0353 (Jan 30 low).