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13 Aug 2013
EUR/CHF on meteoritic rise to 10-days highs
FXstreet.com (Chicago) - EUR/CHF clawed above 1.2370 zone on formidable Tuesday session upswing.
Earlier in Europe, the ZEW survey was out with a 44.0 economic sentiment outperforming expectations at 37.4 and previous 32.8. Similarly, industrial production results (YoY) reached 0.3% vs. projected 0.2%, sending the euro to new levels against a timid Swissy.
Technically speaking, the pair trades at 1.2373, between supports at 1.2365 (June 18th highs), 1.2356 (August 2nd highs) ahead of 1.2347 (July 31st highs) and resistances at 1.2375 (July 1st highs), 1.2384 (August 12th highs) followed by 1.2397 (July 16th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis with a MACD pointing up.
Market participants await Euro-zone GDP data for the second quarter of the year to be available publicly tomorrow morning.
Earlier in Europe, the ZEW survey was out with a 44.0 economic sentiment outperforming expectations at 37.4 and previous 32.8. Similarly, industrial production results (YoY) reached 0.3% vs. projected 0.2%, sending the euro to new levels against a timid Swissy.
Technically speaking, the pair trades at 1.2373, between supports at 1.2365 (June 18th highs), 1.2356 (August 2nd highs) ahead of 1.2347 (July 31st highs) and resistances at 1.2375 (July 1st highs), 1.2384 (August 12th highs) followed by 1.2397 (July 16th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis with a MACD pointing up.
Market participants await Euro-zone GDP data for the second quarter of the year to be available publicly tomorrow morning.