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18 Jun 2013
EUR/CHF bounces off lows to retest 1.2300
FXstreet.com (New York) - The EUR/CHF technical cross careened into negative territory Tuesday, breaking briefly below the 1.2300 barrier during European trading.
EUR/CHF roiled on rising sentiments in Europe
Earlier today in the EMU, the ZEW Survey – Economic Sentiment (June) came in at 30.6, compared with a figure of 27.6. Meanwhile in Germany, the ZEW Survey – Economic Sentiment (June) was reported at 38.5, beating expectations of 38.1. Finally, the ZEW – Current Situation (June) yielded a figure of 8.6, missing estimates of 9.5.
At the time of writing, the EUR/CHF foreign exchange rate has bounce off earlier lows (1.2291) to retest the 1.2300 barrier. According to the Mataf.net analyst team, the pair is residing at first support at 1.2299, and will encounter additional measures at 1.2269, ahead of 1.2236. On the ascension, a break above the 1.2362 handle will initiate resistances at 1.2395 and 1.2425.
EUR/CHF roiled on rising sentiments in Europe
Earlier today in the EMU, the ZEW Survey – Economic Sentiment (June) came in at 30.6, compared with a figure of 27.6. Meanwhile in Germany, the ZEW Survey – Economic Sentiment (June) was reported at 38.5, beating expectations of 38.1. Finally, the ZEW – Current Situation (June) yielded a figure of 8.6, missing estimates of 9.5.
At the time of writing, the EUR/CHF foreign exchange rate has bounce off earlier lows (1.2291) to retest the 1.2300 barrier. According to the Mataf.net analyst team, the pair is residing at first support at 1.2299, and will encounter additional measures at 1.2269, ahead of 1.2236. On the ascension, a break above the 1.2362 handle will initiate resistances at 1.2395 and 1.2425.