EUR/CHF challenges lows near 1.0850

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - The risk-off context is lending further support to the Swiss franc, dragging EUR/CHF to test fresh lows in the mid-1.0800s so far.

    EUR/CHF lower on risk aversion

    The cross keeps trading isolated from the broader risk trends, extending once again its consolidative pattern between 1.0820 and 1.0920 as the risk aversion is taking over the global markets.

    Ahead in the week, Industrial Production figures, Trade Balance results and the ECB’s Accounts are due in the euro area, while there are no relevant releases in the Alpine economy until next week, where the ZEW Survey and the World Economic Forum in Davos will take centre stage.

    EUR/CHF key levels

    At the moment the cross is losing 0.18% at 1.0851 with the next support at 1.0838 (55-day sma) followed by 1.0729 (low Dec.24) and then 1.0682 (200-day sma). On the other hand, a break above 1.0892 (downtrend from 1.1058) would expose 1.0914 (high Jan.8) and finally 1.1058 (high Sep.11).
    For more information, read our latest forex news.

Share This Page

free forex signals