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12 Mar 2015
EUR/CHF retreats from highs
FXStreet (Edinburgh) - EUR/CHF is now returning to the mid-1.0600s after hitting fresh daily highs in the boundaries of 1.0670.
EUR/CHF supported at 1.0630
After bottoming out in the area of 1.0630 overnight, the cross sparked the current correction higher backed by a better sentiment in the risk appetite space after yesterday sell off.
Ahead in the session, CPI figures in France and Spain will precede the Industrial Production results in the euro area and the speech by Bundesbank’s J.Weidmann.
EUR/CHF levels to consider
The pair is now up 0.03% at 1.0648 and a surpass of 1.0694 (high Mar.11) would aim for 1.0760 (high Mar.3) and finally 1.0800 (high Feb.25). On the downside, the immediate support lines up at 1.0630 (low Mar.4) ahead of 1.0610 (low Feb.27) and then 1.0554 (low Feb.16).
EUR/CHF supported at 1.0630
After bottoming out in the area of 1.0630 overnight, the cross sparked the current correction higher backed by a better sentiment in the risk appetite space after yesterday sell off.
Ahead in the session, CPI figures in France and Spain will precede the Industrial Production results in the euro area and the speech by Bundesbank’s J.Weidmann.
EUR/CHF levels to consider
The pair is now up 0.03% at 1.0648 and a surpass of 1.0694 (high Mar.11) would aim for 1.0760 (high Mar.3) and finally 1.0800 (high Feb.25). On the downside, the immediate support lines up at 1.0630 (low Mar.4) ahead of 1.0610 (low Feb.27) and then 1.0554 (low Feb.16).