2 Feb 2015
EUR/CHF holds above 1.0500
FXStreet (Córdoba) - EUR/CHF printed a fresh daily high at 1.0586, reaching a fresh post SNB turmoil and then pulled back modestly. It was trading at 1.0440/50, almost 200 pips above Friday’s closing price.
The pair is rising on the back of a weak Swiss franc, that is among the worst performers across the board on Monday. Reports suggesting that the Swiss National Bank was unofficially targeting a trading range between 1.05 and 1.10 in the EUR/CHF affected the franc.
From last week lows the euro has risen 800 pips and continues to hold a recovery mode.
The pair is rising on the back of a weak Swiss franc, that is among the worst performers across the board on Monday. Reports suggesting that the Swiss National Bank was unofficially targeting a trading range between 1.05 and 1.10 in the EUR/CHF affected the franc.
From last week lows the euro has risen 800 pips and continues to hold a recovery mode.