27 Jan 2015
EUR/CHF jumps to 1.0330 on Danthine
FXStreet (Edinburgh) - The single currency is now quickly picking up pace vs. the Swiss franc, lifting EUR/CHF to highs near 1.0330.
EUR/CHF in multi-day tops
The cross is now trading in 2-week highs in the 1.0330 neighbourhood, the highest level since the SNB abandoned the peg vs. the euro in mid-January. The abrupt move is coming in response to appreciations by SNB’s Danthine, stressing that the central banks is ready to intervene further in the markets in order to ease monetary policy.
EUR/CHF levels to consider
The cross is now up 1.16% at 1.0287 with the next resistance at 1.0400 (psychological level) followed by 1.0430 (76.4% of 1.0651-0.9715) and then 1.0500 (psychological level). On the downside, a breach of the psychological mark at 1.0000 would expose 0.9751 (low Jan.16) and finally 0.9715 (hourly low Jan.15).
EUR/CHF in multi-day tops
The cross is now trading in 2-week highs in the 1.0330 neighbourhood, the highest level since the SNB abandoned the peg vs. the euro in mid-January. The abrupt move is coming in response to appreciations by SNB’s Danthine, stressing that the central banks is ready to intervene further in the markets in order to ease monetary policy.
EUR/CHF levels to consider
The cross is now up 1.16% at 1.0287 with the next resistance at 1.0400 (psychological level) followed by 1.0430 (76.4% of 1.0651-0.9715) and then 1.0500 (psychological level). On the downside, a breach of the psychological mark at 1.0000 would expose 0.9751 (low Jan.16) and finally 0.9715 (hourly low Jan.15).