20 Jan 2015
EUR/CHF set to close lower first time after SNB shock
FXStreet (San Francisco) - The EUR/CHF is closing lower on Tuesday after two positive days following the SNB bomb on Thursday. The rebound from 0.9650 found a roof at 1.0250.
On Tuesday, EUR/CHF is trading at 1.0138, down 0.69% on the day, having posted a daily high at 1.0228 and low at 1.0066. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.
EUR/CHF levels
The Euro is now focused on the ECB meeting on policy and rate decision as well as the Mario Draghi speech on Thursday. Investors are looking for the size of the QE.
The EUR/USD is now trading sideways around 1.0130. If the pair extends decline below 1.0065, it will find at 1.0000 and then 0.9940. To the upside, resistances are at 1.0160, 1.0220 and 1.0240.
On Tuesday, EUR/CHF is trading at 1.0138, down 0.69% on the day, having posted a daily high at 1.0228 and low at 1.0066. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.
EUR/CHF levels
The Euro is now focused on the ECB meeting on policy and rate decision as well as the Mario Draghi speech on Thursday. Investors are looking for the size of the QE.
The EUR/USD is now trading sideways around 1.0130. If the pair extends decline below 1.0065, it will find at 1.0000 and then 0.9940. To the upside, resistances are at 1.0160, 1.0220 and 1.0240.