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Home » Forex and Currency News » Forex Market: EUR/CHF daily outlook

Forex Market: EUR/CHF daily outlook

Written by Miroslav Marinov
Miroslav Marinov
Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.
, | Updated:

During yesterday’s trading session EUR/CHF traded within the range of 1.2182-1.2217 and closed at 1.2205.

At 8:12 GMT today EUR/CHF was gaining 0.16% for the day to trade at 1.2224. The pair touched a daily high at 1.2225 at 8:09 GMT.

Fundamental view

At 14:00 GMT the Swiss National Bank (SNB) is expected to release its quarterly report on monetary policy and business cycles, which serves as a basis for quarterly forecasts by the Swiss government.

Technical view

eur-chf

According to Binary Tribune’s daily analysis, in case EUR/CHF manages to breach the first resistance level at 1.2224, it will probably continue up to test 1.2236. In case the second key resistance is broken, the pair will probably attempt to advance to 1.2256.

If EUR/CHF manages to breach the first key support at 1.2186, it will probably continue to slide and test 1.2166. With this second key support broken, the movement to the downside will probably continue to 1.2151.

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