25 May 2015
EUR/CHF recovers from below 1.0350
FXStreet (Córdoba) - EUR/CHF dropped below the 1.0350 toward fresh 3-week lows as the euro continues to weaken amid growing concerns about Greece's debt problems.
EUR/CHF extended losses into a second consecutive day on Monday and scored its lowest level since May 8 at 1.0339 before finding support. At time of writing, the pair is trading at 1.0362, down 0.24% on the day.
EUR/CHF levels to watch
As for technical levels, immediate supports are seen at 1.0330 (May 8 low), 1.0303 (May 7 low) and 1.0238 (Apr 22 low). On the flip side, resistances line up at 1.0380 (daily high), 1.0420 (21-day SMA) and 1.0448 (May 20 high).
EUR/CHF extended losses into a second consecutive day on Monday and scored its lowest level since May 8 at 1.0339 before finding support. At time of writing, the pair is trading at 1.0362, down 0.24% on the day.
EUR/CHF levels to watch
As for technical levels, immediate supports are seen at 1.0330 (May 8 low), 1.0303 (May 7 low) and 1.0238 (Apr 22 low). On the flip side, resistances line up at 1.0380 (daily high), 1.0420 (21-day SMA) and 1.0448 (May 20 high).