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2 Mar 2015
EUR/CHF slightly up near 1.0670
FXStreet (Edinburgh) - The shared currency is posting meager gains vs. its Swiss peer on Monday, taking EUR/CHF to the 1.0670 area so far.
EUR/CHF focus on CPI, ECB
The cross seems to be consolidating last week’s pullback from recent highs in the 1.0800 neighbourhood, amidst the omnipresent market chatter pointing to SNB intervention.
Market participants expects the euro to come under further pressure in light of the relevant EMU calendar this week, the ECB meeting and the US non farm Payrolls on Friday.
EUR/CHF levels to watch
As of writing the cross is up 0.03% at 1.0672 facing the next hurdle at 1.0800 (high Feb.25) followed by 1.0811 (high Feb.20) and finally 1.1000 (psychological level). On the downside, a break below 1.0554 (low Feb.16) would expose 1.0414 (low Feb.9) and then 1.0266 (23.6% of 0.8500-1.0811).
EUR/CHF focus on CPI, ECB
The cross seems to be consolidating last week’s pullback from recent highs in the 1.0800 neighbourhood, amidst the omnipresent market chatter pointing to SNB intervention.
Market participants expects the euro to come under further pressure in light of the relevant EMU calendar this week, the ECB meeting and the US non farm Payrolls on Friday.
EUR/CHF levels to watch
As of writing the cross is up 0.03% at 1.0672 facing the next hurdle at 1.0800 (high Feb.25) followed by 1.0811 (high Feb.20) and finally 1.1000 (psychological level). On the downside, a break below 1.0554 (low Feb.16) would expose 1.0414 (low Feb.9) and then 1.0266 (23.6% of 0.8500-1.0811).