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13 Apr 2015
EUR/CHF consolidates below 1.0400
FXStreet (Edinburgh) - The Swiss franc is posting marginal gains vs. its European peer on Monday, taking EUR/CHF to the area of 1.0370/80 so far.
EUR/CHF capped by 1.0400
A bout of EUR strength following the opening bell in Europe pushed the cross higher, although the bullish attempt lost vigour in the 1.0400 neighbourhood. The prevailing offered tone in the euro would keep the cross subdued in the near term, against a backdrop of scarce data in Euroland and rising Greek woes.
Ahead in the week, the only significant release in the Alpine economy will be the annualized figure of the Retail Sales for the month of February.
EUR/CHF relevant levels
As of writing the cross is down 0.02% at 1.0380 with the next support at 1.0294 (50% of 0.9776-1.0811) ahead of 1.0270 (daily cloud base) and then 1.0213 (low Jan.29). On the flip side, a break above 1.0405 (low Apr.9) would expose 1.0436 (10-d MA) and finally 1.0495 (high Apr.6).
EUR/CHF capped by 1.0400
A bout of EUR strength following the opening bell in Europe pushed the cross higher, although the bullish attempt lost vigour in the 1.0400 neighbourhood. The prevailing offered tone in the euro would keep the cross subdued in the near term, against a backdrop of scarce data in Euroland and rising Greek woes.
Ahead in the week, the only significant release in the Alpine economy will be the annualized figure of the Retail Sales for the month of February.
EUR/CHF relevant levels
As of writing the cross is down 0.02% at 1.0380 with the next support at 1.0294 (50% of 0.9776-1.0811) ahead of 1.0270 (daily cloud base) and then 1.0213 (low Jan.29). On the flip side, a break above 1.0405 (low Apr.9) would expose 1.0436 (10-d MA) and finally 1.0495 (high Apr.6).