25 Aug 2015
EUR/CHF off highs, returns to 1.0840
FXStreet (Edinburgh) - After clinching fresh highs around 1.0880, EUR/CHF is now returning to the 1.0840 area, as the euro is losing some momentum.
EUR/CHF capped around 1.0960
The cross keeps the upside bias during the first half of the week, recovering the ground lost after dropping to the 1.0760 area on Monday although still far from the recent post-SNB tops above 1.0950 posted in early August.
In the data space, the German IFO indicator surprised investors to the upside for the current month, giving further legs to the euro in a context where the Swiss franc continues to recede.
EUR/CHF important levels
As of writing the cross is advancing 0.34% at 1.0846 facing the next resistance at 1.0881 (high Aug.25) followed by 1.0891 (high Aug.14) and finally 1.0961 (high Aug.12). On the other hand, a breach of 1.0763 (low Aug.24) would expose 1.0755 (low Aug.21) and then 1.0712 (low Aug.20).
EUR/CHF capped around 1.0960
The cross keeps the upside bias during the first half of the week, recovering the ground lost after dropping to the 1.0760 area on Monday although still far from the recent post-SNB tops above 1.0950 posted in early August.
In the data space, the German IFO indicator surprised investors to the upside for the current month, giving further legs to the euro in a context where the Swiss franc continues to recede.
EUR/CHF important levels
As of writing the cross is advancing 0.34% at 1.0846 facing the next resistance at 1.0881 (high Aug.25) followed by 1.0891 (high Aug.14) and finally 1.0961 (high Aug.12). On the other hand, a breach of 1.0763 (low Aug.24) would expose 1.0755 (low Aug.21) and then 1.0712 (low Aug.20).