5 Mar 2015
EUR/CHF challenges lows in 1.0650
FXStreet (Edinburgh) - The Swiss franc is edging higher vs. its European peer on Thursday, sending EUR/CHF to test session lows in the mid-1.0600s.
EUR/CHF focus on the ECB
No data releases in Switzerland today will leave all the attention to the European Central Bank monetary policy meeting. Despite market consensus is not expecting surprises, the ECB still need to clarify some aspects of the implementation of the bond-buying programme.
Next of significance in the Alpine economy will be the inflation figures for the month of February, due tomorrow. Prior surveys expect consumer prices to have contracted 0.6% on a yearly basis and 0.0% MoM.
EUR/CHF levels to consider
The cross is now losing 0.08% at 1.0658 and a breach of 1.0610 (low Feb.27) would expose 1.0554 (low Feb.16) and finally 1.0414 (low Feb.9). On the other hand, the initial hurdle lines up at 1.0800 (high Feb.25) ahead of 1.0811 (high Feb.20) and then 1.1000 (psychological level).
EUR/CHF focus on the ECB
No data releases in Switzerland today will leave all the attention to the European Central Bank monetary policy meeting. Despite market consensus is not expecting surprises, the ECB still need to clarify some aspects of the implementation of the bond-buying programme.
Next of significance in the Alpine economy will be the inflation figures for the month of February, due tomorrow. Prior surveys expect consumer prices to have contracted 0.6% on a yearly basis and 0.0% MoM.
EUR/CHF levels to consider
The cross is now losing 0.08% at 1.0658 and a breach of 1.0610 (low Feb.27) would expose 1.0554 (low Feb.16) and finally 1.0414 (low Feb.9). On the other hand, the initial hurdle lines up at 1.0800 (high Feb.25) ahead of 1.0811 (high Feb.20) and then 1.1000 (psychological level).