15 Oct 2015
EUR/CHF keeps lows near 1.0860
FXStreet (Edinburgh) - The single currency is posting moderate losses vs. its Swiss peer on Thursday, taking EUR/CHF to session lows in the 1.0865/60 band.
EUR/CHF lower on EUR-weakness
The current knee-jerk in the common currency keeps weighing on the cross, prompting sellers to take it once again below the key support at 1.0900.
Without scheduled events or releases in the euro area or Switzerland today, markets attention have shifted to the US calendar, where inflation figures will take centre stage against the backdrop of increasing speculations on the timing of the Fed’s lift-off.
EUR/CHF levels to consider
At the moment the cross is losing 0.29% at 1.0866 and a breach of 1.0839 (monthly low Oct.9) would open the door to 1.0688 (100-day sma) and finally 1.0501 (Fibo 23.6% of 0.8696-1.1058). On the other hand, the initial up barrier aligns at 1.0945 (downtrend from 1.1058) ahead of 1.1000 (psychological mark) and then 1.1058 (high Sep.11).
EUR/CHF lower on EUR-weakness
The current knee-jerk in the common currency keeps weighing on the cross, prompting sellers to take it once again below the key support at 1.0900.
Without scheduled events or releases in the euro area or Switzerland today, markets attention have shifted to the US calendar, where inflation figures will take centre stage against the backdrop of increasing speculations on the timing of the Fed’s lift-off.
EUR/CHF levels to consider
At the moment the cross is losing 0.29% at 1.0866 and a breach of 1.0839 (monthly low Oct.9) would open the door to 1.0688 (100-day sma) and finally 1.0501 (Fibo 23.6% of 0.8696-1.1058). On the other hand, the initial up barrier aligns at 1.0945 (downtrend from 1.1058) ahead of 1.1000 (psychological mark) and then 1.1058 (high Sep.11).