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EUR/CHF off highs, back to 1.0830

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 25, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - After reaching session highs near 1.0850, EUR/CHF has now returned to the 1.0835/30 band.

    EUR/CHF indifferent on Swiss data

    The cross has found decent support around the 1.0800 area on Tuesday, managing to gather some traction and recover ground lost after recent highs north of the 1.0900 handle recorded last week.

    On the data front, Switzerland’s Consumption Indicator tracked by UBS came in at 1.60 for the month of October, surpassing September’s 1.56.

    EUR/CHF levels to consider

    At the moment the cross is up 0.14% at 1.0830 and a surpass of 1.0930 (high Oct.30) would aim for 1.0986 (high Oct.2) and then 1.1049 (high Sep.11). On the other hand, the next support lines up at 1.0795 (100-day sma) followed by 1.0703 (low Aug.20) and finally 1.0501 (23.6% Fibo of 0.8695-1.1049).
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