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4 Jun 2013
EUR/CHF regains 1.2400 level
FXstreet.com (Barcelona) - The EUR/CHF fell off a cliff yesterday, though has regained the 1.2400 level during European trading Tuesday.
In the EMU, the Producer Price Index (YoY) came in at -0.2% in April, vs. expectations of +0.3%. Moreover, the Producer Price Index (MoM) has experienced a decline of -0.6% in April, against estimates calling for -0.2%.
Presently, the cross is trading at 1.2411/13, securing a modest advance of +0.19% above its opening. Mataf.net analysts calculate measures of resistance for the EUR/CHF at 1.2467, then 1.2554, and ultimately 1.2623. On the decline, a break below the 123.11 handle will initiate support at 1.2242 and 1.2155.
In the EMU, the Producer Price Index (YoY) came in at -0.2% in April, vs. expectations of +0.3%. Moreover, the Producer Price Index (MoM) has experienced a decline of -0.6% in April, against estimates calling for -0.2%.
Presently, the cross is trading at 1.2411/13, securing a modest advance of +0.19% above its opening. Mataf.net analysts calculate measures of resistance for the EUR/CHF at 1.2467, then 1.2554, and ultimately 1.2623. On the decline, a break below the 123.11 handle will initiate support at 1.2242 and 1.2155.