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26 Feb 2015
EUR/CHF drops to 1-week low
FXStreet (Córdoba) - EUR/CHF declined further during the American session and dropped to 1.0664. From the highs lost more than a hundred pips as the EUR/USD plummeted from 1.1350 to 1.1200.
EUR/CHF correction so far limited
During the previous days the pair was trades near the 1.0800 area where post SNB turmoil highs lie, but it was unable to break higher and today after falling below 1.0750 started a bearsih correction.
So far the decline has been capped by the 1.0660 area. A consolidation below could open the doors for another slide. Support levels under 1.0660 lie at 1.0645 (Feb 16 high) and 1.0595. On the opposite direction, resistance now could be located at 1.0720/30 and 1.0795.
EUR/CHF correction so far limited
During the previous days the pair was trades near the 1.0800 area where post SNB turmoil highs lie, but it was unable to break higher and today after falling below 1.0750 started a bearsih correction.
So far the decline has been capped by the 1.0660 area. A consolidation below could open the doors for another slide. Support levels under 1.0660 lie at 1.0645 (Feb 16 high) and 1.0595. On the opposite direction, resistance now could be located at 1.0720/30 and 1.0795.