Forex: EUR/CHF continues to push higher

FXstreet.com (Barcelona) - Having declined to support following a spike to its high since late 2011, EURCHF looks positioned to continue its push higher.

The pair, which has seen an impressive climb over the past week since the ECB meeting on Thursday, climbed off overnight support to post a high at 1.2276. Spot since declined to find support around 1.2250 but has since continued its spike higher, to where it is currently trading at 1.2266. Hourly RSI is currently at 74 and moving with a upside bias. Today's European economic data has been markedly soft. Elsewhere, the US has opened lower ahead of this evenings speech by Fed Chair Bernanke at 21:00 GMT.