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EUR/CHF soars to 1.2115 amid SNB speculation

FXStreet (Córdoba) - The Swiss franc is falling sharply in the markets weakened by suggestions that the Swiss National Bank could implement negative interest rates. The EUR/CHF jumped from 1.2070 to 1.2116, hitting the strongest level since August 15.

The pair pulled back slightly after peaking but so far it has been able to hold above the 1.2100 level, having so far the best daily performance since March.

EUR/CHF levels to consider

To the upside, immediate resistance could be located at 1.2115/20 (daily high) and above here at 1.2130 followed by 1.2160 and 1.2175 (July 30 and August 5 high). Support might lie at 1.2080 and below here at 1.2040/50 (August, July lows).

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