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26 Jan 2015
EUR/CHF regains 1.0000
FXStreet (Córdoba) - EUR/CHF managed to climb back above the parity level during the European session as the euro was in recovery mode and the franc weakened amid chatter that the SNB may intervene to get the pair back to the 1.0500-1.1000 range.
EUR/CHF opened the week lower, but climbed nearly 200 pips throughout the day and regained the 1.00 mark to hit a daily high of 1.0025 in recent dealings. At time of writing, the pair is trading at the 1.0005 zone, recording a 1.42% gain on the day.
Euro strength and franc weakness have worked in the same direction on Monday, pushing EUR/CHF to a 4-day high above parity.
EUR/CHF levels to watch
As for technical levels, immediate resistances are seen at 1.0025 (Jan 26 high), 1.0133 (Jan 21 high) and 1.0249 (Jan 16 high). On the flip side, supports could be found at 0.9781 (Jan 26 low), 0.9773 (Jan 23 low) and 0.9747 (Jan 16 low).
EUR/CHF opened the week lower, but climbed nearly 200 pips throughout the day and regained the 1.00 mark to hit a daily high of 1.0025 in recent dealings. At time of writing, the pair is trading at the 1.0005 zone, recording a 1.42% gain on the day.
Euro strength and franc weakness have worked in the same direction on Monday, pushing EUR/CHF to a 4-day high above parity.
EUR/CHF levels to watch
As for technical levels, immediate resistances are seen at 1.0025 (Jan 26 high), 1.0133 (Jan 21 high) and 1.0249 (Jan 16 high). On the flip side, supports could be found at 0.9781 (Jan 26 low), 0.9773 (Jan 23 low) and 0.9747 (Jan 16 low).