26 Jan 2015
EUR/CHF climbs above 1.0150, up 3% on the day
FXStreet (Córdoba) - EUR/CHF pushed even higher during the New York session and broke above the 1.0100 level as the franc continues to weaken across the board.
The swissy is among the worst performers on Monday, having lost more than 3% versus the euro amid market chatter the SNB intends to lift EUR/CHF back to the 1.05-1.10 range and despite the victory of anti-austerity Syriza party in Greek elections. At time of writing, EUR/CHF is trading at 1.0145, posting its first gain in 5 days and having reached a high of 1.0159 so far.
In terms of technical levels, EUR/CHF could find next resistances at 1.0159 (daily high) and 1.0249 (Jan 16 high). On the other hand, supports could be found at 0.9781 (Jan 26 low), 0.9773 (Jan 23 low) and 0.9747 (Jan 16 low).
The swissy is among the worst performers on Monday, having lost more than 3% versus the euro amid market chatter the SNB intends to lift EUR/CHF back to the 1.05-1.10 range and despite the victory of anti-austerity Syriza party in Greek elections. At time of writing, EUR/CHF is trading at 1.0145, posting its first gain in 5 days and having reached a high of 1.0159 so far.
In terms of technical levels, EUR/CHF could find next resistances at 1.0159 (daily high) and 1.0249 (Jan 16 high). On the other hand, supports could be found at 0.9781 (Jan 26 low), 0.9773 (Jan 23 low) and 0.9747 (Jan 16 low).