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10 Feb 2015
EUR/CHF sidelined around 1.0460
FXStreet (Edinburgh) - EUR/CHF keeps navigating in a narrow range on Tuesday, concentrating its business around the 1.0460 area.
EUR/CHF muted post-data
The cross practically posted no reaction after the unemployment rate in the Alpine economy ticked lower to 3.1% during January, bettering estimates and December’s print at 3.2%. Ahead in the session, inflation figures in the domestic economy are also due, with consensus expecting consumer prices to have contracted further to 0.6% during January.
EUR/CHF relevant levels
As of writing the cross is up 0.015 at 1.0462 and a surpass of 1.0500 (psychological level) would aim for 1.0595 (high Feb.6) and then 1.0644 (high Feb.5). On the flip side, the immediate support aligns at 1.0400 (psychological level) followed by 1.0357 (low Jan.30) and finally 1.0240 (low Jan.29).
EUR/CHF muted post-data
The cross practically posted no reaction after the unemployment rate in the Alpine economy ticked lower to 3.1% during January, bettering estimates and December’s print at 3.2%. Ahead in the session, inflation figures in the domestic economy are also due, with consensus expecting consumer prices to have contracted further to 0.6% during January.
EUR/CHF relevant levels
As of writing the cross is up 0.015 at 1.0462 and a surpass of 1.0500 (psychological level) would aim for 1.0595 (high Feb.6) and then 1.0644 (high Feb.5). On the flip side, the immediate support aligns at 1.0400 (psychological level) followed by 1.0357 (low Jan.30) and finally 1.0240 (low Jan.29).