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Forex pairs in this Article » EUR/CHF (Barcelona) - Increasing optimism surrounding the single currency, along with a marked bias towards the risk appetite have prompted investors to intensify their exodus from the safe havens. The pair quickly left behind the area around 1.2350 to post fresh daily highs in the proximities of 1.2450, although partially trimming those gains at the moment.

"EURCHF is stabilising 1.2318/1.2258, the 50% and 61.8% retracement of the recent leg higher. While this holds immediate upside potential is maintained. Below will neutralise immediate outlook for a pullback to 1.2173/68 (December high), where we would expect to see stabilisation", explains Karen Jones, Head of FICC Technical Analysis at Commerzbank.
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