Wednesday, November 25, 2015

EUR/CHF off highs, back to 1.0830

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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