The Swissy held on to the bulk of gains made the previous day against the euro, with EUR/CHF pair trading higher since Wednesday, the 9th of August 2017, with the price moving from 1.1259 up to 1.1346 during the opening of the Asian session, with the pair price later dropping at 1.1298. (Source: BDSwiss MT4)
The euro fell 1.02% against the franc on Wednesday, marking the largest one-day change since the Swiss National Bank shocked markets when it scrapped its currency peg with the euro in January 2015. (Source: Investing.com)
At the time of writing, the price was trading at 1.1318. (10:01 GMT+3).
In the event that the buyers manage to keep pushing higher and the price breaks above 1.1351, the pair could rise to 1.1380 and 1.1408 in extension.
On the other hand, in the scenario where the price goes down and reach the level of 1.1298, profit targets could be locked in at 1.1283 and 1.1274 respectively.
The euro fell 1.02% against the franc on Wednesday, marking the largest one-day change since the Swiss National Bank shocked markets when it scrapped its currency peg with the euro in January 2015. (Source: Investing.com)
At the time of writing, the price was trading at 1.1318. (10:01 GMT+3).
In the event that the buyers manage to keep pushing higher and the price breaks above 1.1351, the pair could rise to 1.1380 and 1.1408 in extension.
On the other hand, in the scenario where the price goes down and reach the level of 1.1298, profit targets could be locked in at 1.1283 and 1.1274 respectively.