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16 Mar 2015
EUR/CHF flirting with 1.0600
FXStreet (Edinburgh) - The Swiss franc is depreciating vs. the single currency on Monday, now lifting EUR/CHF to the boundaries of the 1.0600 barrier.
EUR/CHF following EUR-dynamics
The European cross is extending its rebound from recent lows in the 1.0500 neighbourhood last Friday, backed by a firmer tone around the euro at the start of the week.
In the data front, nothing is expected in the euro area while Swiss Producer and Import Prices contracted 1.4% MoM and 3.6% on a year to February; further data showed retail sales in the Alpine economy dropping 0.3% on a yearly basis in during January.
EUR/CHF levels to watch
As of writing the cross is advancing 0.28% at 1.0587 with the next hurdle at 1.0621 (low Mar.11) followed by 1.0675 (high Mar.13) and finally 1.0691 (10-d MA). On the downside, a break below 1.0561 (23.6% of 0.9705-1.0811) would aim for 1.0554 (low Feb.16) and then 1.0414 (low Feb.9).
EUR/CHF following EUR-dynamics
The European cross is extending its rebound from recent lows in the 1.0500 neighbourhood last Friday, backed by a firmer tone around the euro at the start of the week.
In the data front, nothing is expected in the euro area while Swiss Producer and Import Prices contracted 1.4% MoM and 3.6% on a year to February; further data showed retail sales in the Alpine economy dropping 0.3% on a yearly basis in during January.
EUR/CHF levels to watch
As of writing the cross is advancing 0.28% at 1.0587 with the next hurdle at 1.0621 (low Mar.11) followed by 1.0675 (high Mar.13) and finally 1.0691 (10-d MA). On the downside, a break below 1.0561 (23.6% of 0.9705-1.0811) would aim for 1.0554 (low Feb.16) and then 1.0414 (low Feb.9).