28 Apr 2015
EUR/CHF rises 100 pips, eyes 1.0500
FXStreet (Córdoba) - EUR/CHF extended last week gains and is rising on Tuesday 0.75%. The pair peaked during the European session at 1.0483, the highest level in three weeks. During the US session the pair stabilized and consolidated gains as it continued to trade near the 1.0500 area.
EUR/CHF soars again
The euro is having the second best day of the month against the Swiss franc, extending the recovery from 1.0222 (April 21 low). EUR/CHF is about to post the strongest close since the beginning of the month.
The rally from 1.0220 pushed the pair above key short term resistance levels and erased the bearsih outlook. From the current level the immediate resistance area could be located at 1.0495 (Apr 6 high) and above at 1.0530.
The Swiss franc dropped versus the euro and also the pound on Tuesday. While EUR/USD and GBP/USD climbed to weekly highs, USD/CHF remained in ranges.
EUR/CHF soars again
The euro is having the second best day of the month against the Swiss franc, extending the recovery from 1.0222 (April 21 low). EUR/CHF is about to post the strongest close since the beginning of the month.
The rally from 1.0220 pushed the pair above key short term resistance levels and erased the bearsih outlook. From the current level the immediate resistance area could be located at 1.0495 (Apr 6 high) and above at 1.0530.
The Swiss franc dropped versus the euro and also the pound on Tuesday. While EUR/USD and GBP/USD climbed to weekly highs, USD/CHF remained in ranges.