10 Feb 2015
EUR/CHF consolidates below 1.0500
FXStreet (Córdoba) - EUR/CHF continues zigzagging below the 1.0500 level on Tuesday, having recovered from a daily low of 1.0432 to trade slightly higher on the day at the upper 1.04’s zone.
EUR/CHF was little moved by a Swiss CPI data but managed to climb to a daily high of 1.0495 amid reports of progress in EU-Greece negotiations. However, the euro lost momentum following the knee-jerk reaction and it has spent the last hours in a narrow range. At time of writing, EUR/CHF is trading at 1.0480, 0.29% above its opening price.
Meanwhile, USD/CHF has also been unable to determine short-term direction, having traded range bound with a low of 0.9213 and a high of 0.9277.
EUR/CHF was little moved by a Swiss CPI data but managed to climb to a daily high of 1.0495 amid reports of progress in EU-Greece negotiations. However, the euro lost momentum following the knee-jerk reaction and it has spent the last hours in a narrow range. At time of writing, EUR/CHF is trading at 1.0480, 0.29% above its opening price.
Meanwhile, USD/CHF has also been unable to determine short-term direction, having traded range bound with a low of 0.9213 and a high of 0.9277.