by Fri, 18 Jun 2010 13:33:00 +0200
Forex: EUR/CHF falls further towards fresh all-time lows
FXstreet.com (Barcelona) - The Euro is trading lower today's session against the Swiss Franc and, after attempting to recover from yesterday's low at 1.3740, the EUR/CHF has declined to break previous all-time low at 1.3732 to reach a fresh one at 1.3728. Currently the pair is trading at 1.3735.
The CHF is rising against the Euro since the SBN interest statement said that EUR/CHF weaker is not a big problem on the back of increases in foreign demand. Also SBN has dropped its interventionist stance last Thursday and it has announced that the bank will only intervene in deflation problems derivate from strong currencies.
| Technical Analysis (2010-06-18 11:23 GMT) | |
|---|---|
EUR/CHF 1.3738/1.3739 - O: 1.3739 H: 1.3741 L: 1.3733 C: 1.3737 | |
| Trend | R3: 1.3815 |
 | R2: 1.3781 |
| R1: 1.3746 | |
| S1: 1.3664 | |
| S2: 1.3698 | |
| S3: 1.3732 | |
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