Forex: EUR/CHF consolidating below 1.2400
Forex pairs in this Article »
EUR/CHF
FXstreet.com (Barcelona) - The Swiss franc has been gathering pace lately along with the risk aversion, and is continuing its decline from last week's tops above 1.2570 to yesterday's lows in sub 1.2350 levels.
In the data space, the ZEW Survey - Expectations in Switzerland for the month of January bettered to -6.9 from the previous print at -15.5, although it fell short from the forecasted -5.0
At the moment, the cross is down just 0.01% at 1.2376 facing the immediate support at 1.2334 (low Jan.16) ahead of 1.2307 (low Jan.15) and then 1.2293 (MA21d).
On the flip side, a break above 1.2399 (MA10d) would encourage gains towards 1.2462 (high Jan.22) ahead of the psychological level at 1.2500
In the data space, the ZEW Survey - Expectations in Switzerland for the month of January bettered to -6.9 from the previous print at -15.5, although it fell short from the forecasted -5.0
At the moment, the cross is down just 0.01% at 1.2376 facing the immediate support at 1.2334 (low Jan.16) ahead of 1.2307 (low Jan.15) and then 1.2293 (MA21d).
On the flip side, a break above 1.2399 (MA10d) would encourage gains towards 1.2462 (high Jan.22) ahead of the psychological level at 1.2500
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