FXStreet (Edinburgh) - After briefly testing levels beyond the psychological 1.10 handle, EUR/CHF has now returned to the mid-1.0900s ahead of the opening bell in Euroland.
EUR/CHF focus on EMU data
The cross is trading almost unchanged on Tuesday, albeit it keeps the upper bound of the recent range near the 1.1000 mark against a backdrop of scarce demand for the safe haven CHF so far.
Next of relevance on the EUR-side of the equation will be the ZEW Survey in Germany and the euro bloc, followed by EMU’s trade balance figures and Employment Change. Consensus expects the ZEW Survey to come in on the softer side for the current month.
EUR/CHF relevant levels
At the moment the cross is losing 0.06% at 1.0954 with the next support at 1.0970 (low Sep.11) ahead of 1.0922 (low Sep.10) and finally 1.0878 (low Sep.9). On the other hand, a break above 1.1011 (high Sep.15) would aim for 1.1049 (high Sep.11) and then 1.1100 (psychological level).
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