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13 Apr 2015
EUR/CHF hits fresh 2-month low
FXStreet (Córdoba) - The euro is among the worst performers on Monday and against the Swiss franc is headed toward the lowest daily close since January 28.
The ">EUR/CHF pair broke below 1.0365 (Apr 10 low) and dropped sharply. Finally bottomed during the American session at 1.0320 and it was trading at 1.0330/35, down 0.50% for the day.
The pair continues to retreat from 1.0810 (Feb 20 high) and it has fallen in five out of the last six trading days. The short term trend points to the downside and it has a key dynamic resistance around 1.0415,where a downtrend line, originated in April highs, currently stands.
The ">EUR/CHF pair broke below 1.0365 (Apr 10 low) and dropped sharply. Finally bottomed during the American session at 1.0320 and it was trading at 1.0330/35, down 0.50% for the day.
The pair continues to retreat from 1.0810 (Feb 20 high) and it has fallen in five out of the last six trading days. The short term trend points to the downside and it has a key dynamic resistance around 1.0415,where a downtrend line, originated in April highs, currently stands.