EUR/CHF holding on to 1.0900 ahead of ZEW

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - The single currency is now posting moderate gains vs. its Swiss peer on Wednesday, with EUR/CHF looking to extend the upside beyond 1.0910/15.

    EUR/CHF attention to ZEW

    The cross continues to trade in a consolidative pattern since early September between 1.08 and 1.10 following the lack of a clear direction in the global markets.

    Inflation figures in France, Spain and Italy plus Industrial Production figures will take centre stage in Euroland today, while the ZEW Survey-Expectation is due in the Alpine economy for the current month (9.7 prev.).

    EUR/CHF levels to consider

    At the moment the cross is advancing 0.08% at 1.0908 facing the next hurdle at 1.1000 (psychological mark) followed by 1.1049 (high Sep.11) and then 1.1200 (psychological level). On the downside, a break below 1.0798 (up trend from June low) would open the door to 1.0726 (100-day sma) and finally 1.0600 (200-day sma).
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