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EUR/CHF rises to 1-month high

June 29 2012 | Filed Under »
Forex pairs in this Article » EUR/CHF
FXstreet.com (Córdoba) - The euro rose to a 1-month high against the franc as the shared currency strengthened following the EU summit, where leaders agreed to move towards stabilizing the bonds market.

EURCHF climbed toward a high of 1.2030, last seen May 28, but the 100-day SMA acted as dynamic resistance. At time of writing the pair is quoting at the 1.2025 zone, recording a 0.1% gain on the day.

In terms of technical levels, next resistances are seen at the 1.2030 area, daily highs/100-day SMA, and the 1.2075 zone. On the other hand, supports could be found at 1.2010 and 1.2000 ahead of 1.1990.
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