10 Aug 2015
EUR/CHF rises to highest level since January
FXStreet (Córdoba) - EUR/CHF rose sharply on Monday and reached its highest level since the Swiss National Bank removed the cap on January 15.
EUR/CHF is advancing for fifth day in a row and managed to break above February highs at the 1.0810 zone to reach a peak of 1.0840 in recent dealings amid speculation that SNB could be behind franc weakness. At time of writing, the pair is trading at 1.0825, recording a 0.58% gain on Monday.
EUR/CHF levels to watch
In terms of technical levels, EUR/CHF could find immediate resistances at 1.0840 (Aug 10 high), 1.0870 (200-day SMA) and 1.0900 (psychological level). On the other hand, supports are seen at 1.0758 (Aug 10 low), 1.0705 (Aug 7 low) and 1.0670 (Aug 6 low).
EUR/CHF is advancing for fifth day in a row and managed to break above February highs at the 1.0810 zone to reach a peak of 1.0840 in recent dealings amid speculation that SNB could be behind franc weakness. At time of writing, the pair is trading at 1.0825, recording a 0.58% gain on Monday.
EUR/CHF levels to watch
In terms of technical levels, EUR/CHF could find immediate resistances at 1.0840 (Aug 10 high), 1.0870 (200-day SMA) and 1.0900 (psychological level). On the other hand, supports are seen at 1.0758 (Aug 10 low), 1.0705 (Aug 7 low) and 1.0670 (Aug 6 low).