Forex: EUR/CHF drops to 1.2060

FXstreet.com (Barcelona) - Although being a short drop of 9 pips, the EUR/CHF chart proves that the CHF is “winning” the American session rally.

At 14:30 GMT, a sudden rally of the EUR and CHF took over the FX market with no particular reason known for now. Apart of the ECB possible end of the bond buying program, UPS will pay €5.2B ($6.85B) for TNT.

Mataf.net analysts point to resistances at 1.2065, 1.2075 and 1.2105. On the downside, supports might act at 1.2050, 1.2040 and 1.2020.


View the original article here

Tags: , , ,

About author

Curabitur at est vel odio aliquam fermentum in vel tortor. Aliquam eget laoreet metus. Quisque auctor dolor fermentum nisi imperdiet vel placerat purus convallis.

0 comments

Leave a Reply