11 Aug 2015
EUR/CHF breaks above 1.0900, highest since SNB shocker
FXStreet (Córdoba) - EUR/CHF broke above 1.0900 and reached its highest level since the Swiss National Bank removed the peg back on January.
EUR/CHF has advanced for seventh day in a row and it broke above the 200-day SMA and the 1.0900 psychological level to reach its strongest level since Jan 15 at 1.0919, as the shared currency continues to outperform following news of a bailout deal between Greece and creditors. At time of writing, the pair is trading at 1.0905, recording a 0.64% increase on Tuesday.
EUR/CHF levels to watch
In terms of technical levels, EUR/CHF could find immediate resistances at 1.0919 (Aug 11 high) and 1.1000 (psychological level). On the other hand, supports are seen at 1.0770 (Aug 11 low), 1.0758 (Aug 10 low) and 1.0705 (Aug 7 low).
EUR/CHF has advanced for seventh day in a row and it broke above the 200-day SMA and the 1.0900 psychological level to reach its strongest level since Jan 15 at 1.0919, as the shared currency continues to outperform following news of a bailout deal between Greece and creditors. At time of writing, the pair is trading at 1.0905, recording a 0.64% increase on Tuesday.
EUR/CHF levels to watch
In terms of technical levels, EUR/CHF could find immediate resistances at 1.0919 (Aug 11 high) and 1.1000 (psychological level). On the other hand, supports are seen at 1.0770 (Aug 11 low), 1.0758 (Aug 10 low) and 1.0705 (Aug 7 low).