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4 Mar 2015
EUR/CHF visiting lows near 1.0730
FXStreet (Edinburgh) - EUR/CHF is trading in a very tight corridor on Wednesday, currently testing the area of intraday lows in the 1.0725/30 band.
EUR/CHF focus on PMIs
There area no releases scheduled in the Swiss economy today, leaving all the attention to the EUR-side of the equation, as Services PMIs in the euro area are due. Prior surveys expect a generalized improvement in the indicators although EMU’s Retail Sales could come on the softer side.
Ahead in the week, key CPI figures in the Alpine economy are due on Friday (-0.6% YoY exp.).
EUR/CHF levels to consider
The cross is now losing 0.12% at 1.0731 and a breach of 1.0610 (low Feb.27) would expose 1.0554 (low Feb.16) and finally 1.0414 (low Feb.9). On the other hand, the initial hurdle lines up at 1.0800 (high Feb.25) ahead of 1.0811 (high Feb.20) and then 1.1000 (psychological level).
EUR/CHF focus on PMIs
There area no releases scheduled in the Swiss economy today, leaving all the attention to the EUR-side of the equation, as Services PMIs in the euro area are due. Prior surveys expect a generalized improvement in the indicators although EMU’s Retail Sales could come on the softer side.
Ahead in the week, key CPI figures in the Alpine economy are due on Friday (-0.6% YoY exp.).
EUR/CHF levels to consider
The cross is now losing 0.12% at 1.0731 and a breach of 1.0610 (low Feb.27) would expose 1.0554 (low Feb.16) and finally 1.0414 (low Feb.9). On the other hand, the initial hurdle lines up at 1.0800 (high Feb.25) ahead of 1.0811 (high Feb.20) and then 1.1000 (psychological level).