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Forex: EUR/CHF orbiting around 1.2100

By FXstreet.com,  January 03, 2013, 03:49:00 AM EDT

FXstreet.com (Barcelona) - The pair is trading in a narrow range between 1.2110 and 1.2090 on Thursday, in a context dominated by investors' preference for safe havens.
Mixed data in the Alpine economy have not echoed in the cross so far, as the KOF indicator retreated to 1.28 in December from 1.50 and the SVME-PMI improved to 49.5 from 48.5 in the same period.

At the moment, EUR/CHF is losing 0.04% at 1.2097 with the next support lying at 1.2058 (Lower Bollinger) ahead of 1.2051 (low Dec.7) and then 1.2030 (low Nov.28).
On the upside, a break above 1.2102 (high Dec.9) would aim to 1.2108 (Upper Bollinger) and 1.2129 (high Dec.6).




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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