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2 Oct 2013
EUR/CHF slightly higher as ECB stands pat
FXstreet.com (Córdoba) - The euro rose slightly against the Swissy after the European Central Bank decided to keep its monetary policy unchanged Wednesday.
EUR/CHF moves off lows, Draghi in focus
EUR/CHF found support at the 1.2230 zone and trimmed some of its intraday losses following the ECB announcement. At time of writing, the pair is trading around 1.2240, still a few pips below its opening price. Attention now turns to ECB President press conference, who will comment on the considerations underlying the bank’s decision at 12:30GMT.
EUR/CHF technical levels
On the upside, EUR/CHF could find immediate resistance levels at 1.2279 (Sep 27 high) and 1.2300/05 (psychological level/200-day SMA), while on the downside, supports are seen at 1.2230 (daily low) and 1.2215 (Sep 30 low).
EUR/CHF moves off lows, Draghi in focus
EUR/CHF found support at the 1.2230 zone and trimmed some of its intraday losses following the ECB announcement. At time of writing, the pair is trading around 1.2240, still a few pips below its opening price. Attention now turns to ECB President press conference, who will comment on the considerations underlying the bank’s decision at 12:30GMT.
EUR/CHF technical levels
On the upside, EUR/CHF could find immediate resistance levels at 1.2279 (Sep 27 high) and 1.2300/05 (psychological level/200-day SMA), while on the downside, supports are seen at 1.2230 (daily low) and 1.2215 (Sep 30 low).