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28 May 2013
EUR/CHF establishing fresh session highs at 1.2510/17
FXstreet.com (Barcelona) - The EUR/CHF has experienced a steadfast rise Tuesday, as the majors all made substantial gains against the CHF following the release of Swiss economic data.
In the Swiss Economy, the Trade Balance (April) came in at 1.728B, against expectations of 1.757B. In addition, Exports (MoM) were reported at 17.004B in April, compared to a figure of 16.663B in the previous month. Finally, Imports (MoM) have yielded a result of 15.276B in April, relative to 14.770B in March.
In these moments, the EUR/CHF is trading at fresh session highs at 1.2510/17 Tuesday. Following a break above the 1.2486 resistance, the Mataf.net analyst team points to resistance levels at 1.2513, onto 1.2551. Alternatively, a paring of recent gains will push the pair towards supports at 1.2421, then 1.2383, ahead of 1.2356.
In the Swiss Economy, the Trade Balance (April) came in at 1.728B, against expectations of 1.757B. In addition, Exports (MoM) were reported at 17.004B in April, compared to a figure of 16.663B in the previous month. Finally, Imports (MoM) have yielded a result of 15.276B in April, relative to 14.770B in March.
In these moments, the EUR/CHF is trading at fresh session highs at 1.2510/17 Tuesday. Following a break above the 1.2486 resistance, the Mataf.net analyst team points to resistance levels at 1.2513, onto 1.2551. Alternatively, a paring of recent gains will push the pair towards supports at 1.2421, then 1.2383, ahead of 1.2356.