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28 May 2015
EUR/CHF drops to test 1.0300
FXStreet (Córdoba) - The euro fell further against the Swiss franc and slided toward 1.0300 and monthly lows. EUR/CHF bottomed at 1.0304, the lowest level in three weeks, marginally on top of May lows.
The pair has been falling constantly since May 18 after being unable to break above 1.0500 and today again is testing a key support area. A break below 1.0300 is likely to trigger another bearish run.
Greece and data
The euro could remain under pressure against the franc as negotiations between Greece and the Brussels Group continue and an agreement still looks far, increasing speculations above a possible Grexit.
On Friday, growth data from the first quarter will be released in Switzerland, while Germany will report retails sales and the European Central Bank will publish monetary aggregates information.
The pair has been falling constantly since May 18 after being unable to break above 1.0500 and today again is testing a key support area. A break below 1.0300 is likely to trigger another bearish run.
Greece and data
The euro could remain under pressure against the franc as negotiations between Greece and the Brussels Group continue and an agreement still looks far, increasing speculations above a possible Grexit.
On Friday, growth data from the first quarter will be released in Switzerland, while Germany will report retails sales and the European Central Bank will publish monetary aggregates information.