EUR/CHF finds resistance at 1.1030

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    EUR/CHF moved higher on Monday and reversed Friday’s losses as better market sentiment weighed on safe-haven assets such as the Swiss franc.

    EUR/CHF climbed around half a cent throughout the European session and reached a 4-day high of 1.1030 before losing steam. At time of writing, the pair is trading at 1.1015, 0.36% above its opening price.

    EUR/CHF levels to watch

    As for technical levels, on the upside, next resistances could be faced at 1.1048 (10-day SMA), 1.1100 (psychological level) and 1.1133 (Feb 5 high). On the downside, supports are seen at 1.0972 (Feb 15 low), 1.0949 (Feb 11 low) 1.0906 (Jan 20 low) and 1.0887 (100-day SMA).
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