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14 Apr 2015
EUR/CHF challenging 1.0300
FXStreet (Edinburgh) - EUR/CHF continues its march south on Tuesday, currently deflating to the proximity of the key support at 1.0300.
EUR/CHF hurt by euro
The generalized offered tone around the shared currency seems intact during the first half of the week, sending the cross to fresh lows around levels last seen in the aftermath of the SNB move, near 1.0300 the figure.
The downside pressure is poised to extend further in the upcoming sessions, as both the calendar and sentiment appear to be dominated by the USD dynamics and the US data releases.
EUR/CHF levels to consider
At the moment the cross is retreating 0.21% at 1.0310 with the next support at 1.0300 (psychological level) ahead of 1.0294 (50% of 0.9776-1.0811) and then 1.0270 (daily cloud base). On the upside, a breakout of the psychological level at 1.0400 would open the door to 1.0405 (low Apr.9) and finally 1.0425 (10-d MA).
EUR/CHF hurt by euro
The generalized offered tone around the shared currency seems intact during the first half of the week, sending the cross to fresh lows around levels last seen in the aftermath of the SNB move, near 1.0300 the figure.
The downside pressure is poised to extend further in the upcoming sessions, as both the calendar and sentiment appear to be dominated by the USD dynamics and the US data releases.
EUR/CHF levels to consider
At the moment the cross is retreating 0.21% at 1.0310 with the next support at 1.0300 (psychological level) ahead of 1.0294 (50% of 0.9776-1.0811) and then 1.0270 (daily cloud base). On the upside, a breakout of the psychological level at 1.0400 would open the door to 1.0405 (low Apr.9) and finally 1.0425 (10-d MA).