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8 Sep 2015
EUR/CHF choppy below 1.0900
FXStreet (Edinburgh) - EUR/CHF is navigating a tight range on Tuesday, currently hovering over the 1.0880/85 band following Swiss releases.
EUR/CHF indifferent on data
The cross has remained mostly apathetic after the Swiss unemployment rate came in unchanged at a seasonally adjusted 3.3% during August, matching estimates at the same time.
Poor Chinese results from todays trade balance figures keep supporting the buoyant tone in the shared currency, although a breakout of the 1.0900 barrier still remains elusive.
Next of relevance for the cross will be the revision of the GDP figures in the euro area during the second quarter, expected at 1.2% on a yearly basis and 0.3% inter-quarter.
EUR/CHF levels to consider
As of writing the cross is losing 0.07% at 1.0884 and a breakdown of 1.0872 (low Sep.8) would open the door to 1.0799 (low Sep.4) and then 1.0784 (low Aug.31). On the flip side, the next hurdle aligns at 1.0898 (high Sep.8) followed by 1.0903 (high Sep.2) and finally 1.0928 (high Aug.11).
EUR/CHF indifferent on data
The cross has remained mostly apathetic after the Swiss unemployment rate came in unchanged at a seasonally adjusted 3.3% during August, matching estimates at the same time.
Poor Chinese results from todays trade balance figures keep supporting the buoyant tone in the shared currency, although a breakout of the 1.0900 barrier still remains elusive.
Next of relevance for the cross will be the revision of the GDP figures in the euro area during the second quarter, expected at 1.2% on a yearly basis and 0.3% inter-quarter.
EUR/CHF levels to consider
As of writing the cross is losing 0.07% at 1.0884 and a breakdown of 1.0872 (low Sep.8) would open the door to 1.0799 (low Sep.4) and then 1.0784 (low Aug.31). On the flip side, the next hurdle aligns at 1.0898 (high Sep.8) followed by 1.0903 (high Sep.2) and finally 1.0928 (high Aug.11).