8 Apr 2015
EUR/CHF unmotivated near 1.0450
FXStreet (Edinburgh) - EUR/CHF continues to meander below the 1.0500 handle on Wednesday, looking to consolidate the drop from weekly highs near 1.0490.
EUR/CHF unchanged on Swiss CPI
The Swiss franc remained apathetic after consumer prices in the Alpine economy surprised investor to the upside, rising 0.3% inter-month during March and contracting at an annual pace of 0.9%.
The resilience of the Swiss franc and the inability of the shared currency to pick up pace in a more sustainable way are keeping the cross depressed at the moment, trading in a narrow range after breaking below the 1.0500 handle in late March.
EUR/CHF relevant levels
As of writing the pair is gaining 0.04% at 1.0452 and a breakout of 1.0545 (50% of 1.0700-1.0390) would aim for 1.0580 (high Mar.24) and finally 1.0583 (21-d MA). On the downside, the initial support lines up at 1.0446 (low Apr.6) followed by 1.0400 (low Apr.3) and then 1.0300 (psychological level).
EUR/CHF unchanged on Swiss CPI
The Swiss franc remained apathetic after consumer prices in the Alpine economy surprised investor to the upside, rising 0.3% inter-month during March and contracting at an annual pace of 0.9%.
The resilience of the Swiss franc and the inability of the shared currency to pick up pace in a more sustainable way are keeping the cross depressed at the moment, trading in a narrow range after breaking below the 1.0500 handle in late March.
EUR/CHF relevant levels
As of writing the pair is gaining 0.04% at 1.0452 and a breakout of 1.0545 (50% of 1.0700-1.0390) would aim for 1.0580 (high Mar.24) and finally 1.0583 (21-d MA). On the downside, the initial support lines up at 1.0446 (low Apr.6) followed by 1.0400 (low Apr.3) and then 1.0300 (psychological level).