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15 May 2015
EUR/CHF spikes to 1.0460
FXStreet (Edinburgh) - The weakness around the Swiss franc is now boosting EUR/CHF to test session tops near 1.0460.
EUR/CHF in multi-day highs
The cross is posting weekly gains beyond 1.0450 at the end of the week, levels last seen in early May. The current upside has been bolstered by a renewed bid tone around the US dollar and increasing franc selling via USD/CHF.
In the data front, Producer and Import Prices contracted more than expected 2.1% on a monthly basis during April and 5.2% over the last twelve months.
EUR/CHF key levels
As of writing the cross is advancing 0.55% at 1.0467 with the next hurdle at 1.0479 (high May 4) ahead of 1.0502 (high May 1) and finally 1.0524 (50% of 1.0811-1.0236). On the other hand, a breakdown of 1.0401 (low May 15) would open the door to 1.0333 (low May 8) and then 1.0305 (low May 7).
EUR/CHF in multi-day highs
The cross is posting weekly gains beyond 1.0450 at the end of the week, levels last seen in early May. The current upside has been bolstered by a renewed bid tone around the US dollar and increasing franc selling via USD/CHF.
In the data front, Producer and Import Prices contracted more than expected 2.1% on a monthly basis during April and 5.2% over the last twelve months.
EUR/CHF key levels
As of writing the cross is advancing 0.55% at 1.0467 with the next hurdle at 1.0479 (high May 4) ahead of 1.0502 (high May 1) and finally 1.0524 (50% of 1.0811-1.0236). On the other hand, a breakdown of 1.0401 (low May 15) would open the door to 1.0333 (low May 8) and then 1.0305 (low May 7).