EUR/CHF breaks below 1.2160

FXStreet (Córdoba) - The EUR/CHF broke below 1.2160 and fell to 1.2150, reaching the lowest price in three weeks. Price remains near the lows poised to a weekly loss of 65 pips, the highest since January. The Swiss Franc is about to close the week on a strong note and is among the best performers among majors.

Levels to watch for EUR/CHF

Price action continues to be biased to the downside in the short term with limited volatility. Immediate support levels lie at 1.2150 (daily low), 1.2120 (March 14 low) and 1.2100 (psychological level and February 28 low).

To the upside, the first resistance is around 1.2160 (previous support) followed by a downtrend line that currently stands at 1.2175 and 1.2200/05.