16 Feb 2015
EUR/CHF slides further below 1.0600
FXStreet (Córdoba) - EUR/CHF dropped to 1.0547 reaching the lowest price since last Thursday after the Eurogroup meeting ended without an agreement with Greece. Tensions in the negotiations pushed the euro to the downside across the board and also weakened stocks index futures.
The pair current trades at 1.0560, down 60 pip for the day, headed toward the first daily decline after rising in the previous five trading days.
EUR/CHF technical levels
The area around 1.0650 has become a key short term resistance level. Today the mentioned area also capped the upside and from there it is dropping. To the downside the immediate support level could be located at 1.0530 followed by 1.0460/70.
The pair current trades at 1.0560, down 60 pip for the day, headed toward the first daily decline after rising in the previous five trading days.
EUR/CHF technical levels
The area around 1.0650 has become a key short term resistance level. Today the mentioned area also capped the upside and from there it is dropping. To the downside the immediate support level could be located at 1.0530 followed by 1.0460/70.