EURCHF

S1 1.1300 R1 1.1430
S2 1.1260 R2 1.1470
S3 1.1100 R3 1.1504

EURCHF remains weak upon external factors but mainly due to risk aversion. The SNB’s monetary policy shall resume within the same frame while the negative interest rate of -0.75% will be unchanged for the next quarters.

On the other hand, the SNB stated that if necessary, action will be taken to cease CHF's appreciation.

Major support is at 1.1260 (January Low) and resistance at 1.1430 (200-days MA).

Technical Analysis

The CCI is at the neutral territory.
The RSI is at the neutral territory.

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Author

Christos Nikolaou

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