Back
29 Jul 2015
EUR/CHF continues to pullback from 4-month highs
FXStreet (Córdoba) - EUR/CHF has continued to pullback from a 4-month high struck earlier this week as the euro retreats across the board after recent upsurge and investors refrain from taking big positions ahead of the Federal Reserve monetary policy decision.
EUR/CHF fell to a 2-day low of 1.0618 and steadied near daily lows in a quiet session. At time of writing, the pair is trading at 1.0625, recording a 0.12% loss on the day.
On Monday, EUR/CHF posted a 1.01% gain and reached its highest level since March, which prompted speculation the SNB might have been intervening to weaken the franc.
EUR/CHF levels to watch
In terms of technical levels, EUR/CHF could see immediate supports at 1.0600 (psychological level) and 1.0579 (Jul 24 high). On the other hand, resistances could be found at 1.0655 (Jul 29 high), 1.0674 (Jul 28 high) and 1.0688 (Jul 27 high).
EUR/CHF fell to a 2-day low of 1.0618 and steadied near daily lows in a quiet session. At time of writing, the pair is trading at 1.0625, recording a 0.12% loss on the day.
On Monday, EUR/CHF posted a 1.01% gain and reached its highest level since March, which prompted speculation the SNB might have been intervening to weaken the franc.
EUR/CHF levels to watch
In terms of technical levels, EUR/CHF could see immediate supports at 1.0600 (psychological level) and 1.0579 (Jul 24 high). On the other hand, resistances could be found at 1.0655 (Jul 29 high), 1.0674 (Jul 28 high) and 1.0688 (Jul 27 high).