Forex: EUR/CHF jumps above 1.2100
Forex pairs in this Article »
EUR/CHF
FXstreet.com (Barcelona) - The Swiss franc extends its depreciation against the single currency on Tuesday, rapidly leaving behind the 1.2100 figure and trading in levels last seen in early September on increasing market chat regarding negative interest rate for CHF deposits.
Ahead in the week, unemployment rate and inflation figures in the Alpine economy will be published tomorrow, preceding November's foreign currency reserves on Friday.
The pair is now advancing 0.27% at 1.2117 facing the next resistance at 1.2168 (high Sep.18) ahead of 1.2184 (high Sep.17) and finally 1.2199 (high Jan. 4/6).
On the flip side, a breakdown of 1.2083 (Upper Bollinger) would open the door to 1.2065 (MA55d) and then 1.2048 (MA21d).
Ahead in the week, unemployment rate and inflation figures in the Alpine economy will be published tomorrow, preceding November's foreign currency reserves on Friday.
The pair is now advancing 0.27% at 1.2117 facing the next resistance at 1.2168 (high Sep.18) ahead of 1.2184 (high Sep.17) and finally 1.2199 (high Jan. 4/6).
On the flip side, a breakdown of 1.2083 (Upper Bollinger) would open the door to 1.2065 (MA55d) and then 1.2048 (MA21d).
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