Forex: EUR/CHF indifferent after T.Jordan comments
Forex pairs in this Article »
EUR/CHF
FXstreet.com (Barcelona) - Skepticism as usual has predominated among CHF traders after SNB President T.Jordan has defended the cap at 1.20 per euro (again& and again& and again), saying that it's helped the Alpine economy with determination, emphasizing the high risks for the domestic economy of a stronger franc. In the same way he informed that the central bank would diversify into DKK, SEK, CAD, AUD and SGD
The pair is now losing 0.06% at 1.2034 with the next support at 1.2007 (low Jul.23) ahead of 1.2000 (SNB Target Rate - Sep.6) an dthen 1.1990 (low 2012 Apr.5).
On the upside, a breakout of 1.2064 (MA100d) would expose 1.2068 (high Nov.12) and finally 1.2071 (high Nov.8)
The pair is now losing 0.06% at 1.2034 with the next support at 1.2007 (low Jul.23) ahead of 1.2000 (SNB Target Rate - Sep.6) an dthen 1.1990 (low 2012 Apr.5).
On the upside, a breakout of 1.2064 (MA100d) would expose 1.2068 (high Nov.12) and finally 1.2071 (high Nov.8)
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