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3 Mar 2015
EUR/CHF reaches 5-day high
FXStreet (Córdoba) - EUR/CHF extended gains into a third consecutive day on Tuesday and climbed above the 10-day SMA to reach a 5-day high during the American session.
EUR/CHF resumed its advance following a short-lived downward correction after the broader recovery from post-SNB lows was capped by the 1.0810 area. EUR/CHF found support at the 21-day SMA at 1.0609 on Friday and has managed to rise more than 150 pips over the last days to reach a high of 1.0758 so far today.
EUR/CHF levels to watch
At time of writing, the pair is trading at 1.0750, recording a 0.35% gain on the day, with immediate resistances seen at 1.0800 (Feb 25 high/psychological level) and 1.0810 (Feb 20 high). On the other hand, supports could be found at 1.0696 (daily low) and 1.0637 (21-day SMA) ahead of 1.0609 (Feb 27 low).
EUR/CHF resumed its advance following a short-lived downward correction after the broader recovery from post-SNB lows was capped by the 1.0810 area. EUR/CHF found support at the 21-day SMA at 1.0609 on Friday and has managed to rise more than 150 pips over the last days to reach a high of 1.0758 so far today.
EUR/CHF levels to watch
At time of writing, the pair is trading at 1.0750, recording a 0.35% gain on the day, with immediate resistances seen at 1.0800 (Feb 25 high/psychological level) and 1.0810 (Feb 20 high). On the other hand, supports could be found at 1.0696 (daily low) and 1.0637 (21-day SMA) ahead of 1.0609 (Feb 27 low).