FXstreet.com (Córdoba) - The Euro managed to bounce up after hitting its lowest level in 4 months versus the Franc, climbing back above the 1.2050 level in recent dealings as investors await news from the EU summit.
EUR/CHF bottomed out at 1.2038 during the NY session, the closest the pair has been to the SNB floor of 1.2000, but recovered some ground and rose to the 1.2055 area before losing steam. At time of writing, EUR/CHF is quoting at the 1.2050 zone, still down 0.1% on the day.
As for technical levels, next resistances could be found at 1.2075 and 1.2110, while supports are seen at 1.2040, 1.2020 and 1.2000 (Swiss National Bank target rate).
EUR/CHF bottomed out at 1.2038 during the NY session, the closest the pair has been to the SNB floor of 1.2000, but recovered some ground and rose to the 1.2055 area before losing steam. At time of writing, EUR/CHF is quoting at the 1.2050 zone, still down 0.1% on the day.
As for technical levels, next resistances could be found at 1.2075 and 1.2110, while supports are seen at 1.2040, 1.2020 and 1.2000 (Swiss National Bank target rate).
No comments:
Post a Comment