WWM - Analytics

WWM

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EUR/CHF Fell Below 1.0500, Follows Lead of Dollar Swiss

 

There is relatively good buying interest for the swiss franc versus the euro thus, pushing the EURCHF rate lower to 1.0488 from the top resistance of 1.0580 (-92 pips) from the prior Asian session to European trading. 

The EURCHF's decline was fueled by USDCHF selling against the broadly lower dollar. USDCHF is down -140 pips to 0.9570 from 0.9690 breaking the 100 day moving average support at 0.9601. 

EURCHF.3.24 resized 600

USDCHF.3.24 resized 600

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