13 Feb 2015
EUR/CHF holds above 1.0600
FXStreet (Córdoba) - EUR/CHF managed to climb back above 1.0600 and is on track to close the week near post SNB-highs, as the euro strengthened during the second half of the week amid hopes of progress of EU/Greek negotiations.
EUR/CHF dropped to a low of 1.0570 during the European session but found support and managed to erase intraday losses. At time of writing, EUR/CHF is trading at 1.0610, virtually unchanged on the day but poised for a 1.45% weekly rise.
EUR/CHF technical levels
In terms of technical levels, immediate resistance for EUR/CHF stands at the 1.0635/40 area (Feb 12, 13 & 5 highs) followed by 1.0700 (psychological level). On the flip side, supports are seen at 1.0572 (daily low), 1.0532 (10-day SMA) and 1.0500 (psychological level).
EUR/CHF dropped to a low of 1.0570 during the European session but found support and managed to erase intraday losses. At time of writing, EUR/CHF is trading at 1.0610, virtually unchanged on the day but poised for a 1.45% weekly rise.
EUR/CHF technical levels
In terms of technical levels, immediate resistance for EUR/CHF stands at the 1.0635/40 area (Feb 12, 13 & 5 highs) followed by 1.0700 (psychological level). On the flip side, supports are seen at 1.0572 (daily low), 1.0532 (10-day SMA) and 1.0500 (psychological level).