Monday, September 28, 2015

EUR/CHF supported around 1.0950

FXStreet (Edinburgh) - Choppy trade for the Swiss franc so far, taking EUR/CHF to the area of 1.0960/65 after dropping to 1.0950 in early trade.

EUR/CHF upside limited by 1.10

After bottoming out near the 1.0800 key support last week, the cross has managed to pick up pace and regain ground lost, although a breakout of the psychological 1.1000 barrier still remains elusive.

The risk-off trade continues to prevail in the broader markets so far, leaving the cross vulnerable amidst empty dockets in both the euro area and the Swiss economy.

EUR/CHF relevant levels

At the moment the cross is losing 0.02% at 1.0958 with the next support at 1.0845 (low Sep.23) ahead of 1.0823 (low Sep.22) and finally 1.0800 (low Sep.4). On the other hand, the next up barrier aligns at 1.0973 (high Sep.18) followed by 1.0995 (high Sep.17) and then 1.1011 (high Sep.14).
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