8 Jul 2015
EUR/CHF hits new session high of 1.0477, SNB declines to comment
FXStreet (Mumbai) - The EUR/CHF pair extended gains to hit a fresh session high of 1.0477 on speculation of SNB intervention, although the central bank was not available for comments.
Swiss Franc under pressure
The CHF weakened across the board in the European session, which triggered rumuors of SNB intervention. Most other CHF pairs are off the daily highs, however, the EUR/CHF continued to extend gains to hit a fresh session high.
The CHF was on the rise earlier today on account of safe haven bids, however, the SNB declined to comment on SNB strength as well as the possibility of SNB intervention.
EUR/CHF Technical Levels
The immediate resistance is located at 1.0525, above which the pair could target 1.06. On the other hand, support is seen at 1.0429 and 1.0375.
Swiss Franc under pressure
The CHF weakened across the board in the European session, which triggered rumuors of SNB intervention. Most other CHF pairs are off the daily highs, however, the EUR/CHF continued to extend gains to hit a fresh session high.
The CHF was on the rise earlier today on account of safe haven bids, however, the SNB declined to comment on SNB strength as well as the possibility of SNB intervention.
EUR/CHF Technical Levels
The immediate resistance is located at 1.0525, above which the pair could target 1.06. On the other hand, support is seen at 1.0429 and 1.0375.