Wednesday, October 14, 2015

EUR/CHF holding on to 1.0900 ahead of ZEW

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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