4 Sep 2013
EUR/CHF remains capped below 1.2350
FXstreet.com (Barcelona) - The EUR/CHF foreign exchange cross rate is last trading at bids 1.2332 up +0.31% for the week so far, but little changed since previous Asia-Pacific open yesterday, as Euro and Swiss Franc have been both pretty weak among most majors, being just above Yen, by far the weakest of all in last 2 trading days.
EUR/CHF could dip again
“On FX, more Congressional support for Pres Obama, on strikes against Syria. Good to watch vote once Congress returns on Sep 9,” said the FXMarketAlerts Team, adding: “EUR/CHF at 1.2330-35, could dip again on rising chance of US strikes against Syria. Eye SNB bids on dips 1.2280-90.”
EUR/CHF key technical levels
Immediate resistance to the upside for EUR/CHF shows at recent session/NY's weekly highs 1.2341/43, followed by August 26 highs at 1.2357, and August 23 highs at 1.2363. To the downside, closest support lies at recent session lows/Friday's highs 1.2330, followed by August 23 lows 1.2317, and August 21 lows at 1.2299.
EUR/CHF could dip again
“On FX, more Congressional support for Pres Obama, on strikes against Syria. Good to watch vote once Congress returns on Sep 9,” said the FXMarketAlerts Team, adding: “EUR/CHF at 1.2330-35, could dip again on rising chance of US strikes against Syria. Eye SNB bids on dips 1.2280-90.”
EUR/CHF key technical levels
Immediate resistance to the upside for EUR/CHF shows at recent session/NY's weekly highs 1.2341/43, followed by August 26 highs at 1.2357, and August 23 highs at 1.2363. To the downside, closest support lies at recent session lows/Friday's highs 1.2330, followed by August 23 lows 1.2317, and August 21 lows at 1.2299.