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25 Jun 2013
EUR/CHF recovery capped by 100-day SMA
FXstreet.com (Córdoba) - After falling to a 7-week low on Monday, EUR/CHF found support and bounced, with the euro trimming losses along the day.
EUR/CHF moves away from SNB danger zone
On Tuesday, EUR/CHF has climbed more than 60 pips as the Swissy lost some of its safe-haven shine on better risk appetite, and reached a high of 1.2295 before the 100-day SMA halted the advance. At time of writing, EUR/CHF is trading at the 1.2285 area, where it records a 0.4% daily gain.
In terms of technical levels, EUR/CHF could find immediate resistances at 1.2295 (daily high/100 day SMA) and 1.2350 (Jun 20 high), while supports are seen at 1.2230 (daily low) and 1.2215 (200-day SMA).
EUR/CHF moves away from SNB danger zone
On Tuesday, EUR/CHF has climbed more than 60 pips as the Swissy lost some of its safe-haven shine on better risk appetite, and reached a high of 1.2295 before the 100-day SMA halted the advance. At time of writing, EUR/CHF is trading at the 1.2285 area, where it records a 0.4% daily gain.
In terms of technical levels, EUR/CHF could find immediate resistances at 1.2295 (daily high/100 day SMA) and 1.2350 (Jun 20 high), while supports are seen at 1.2230 (daily low) and 1.2215 (200-day SMA).