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EUR/CHF unmotivated below 1.0900

FXStreet (Edinburgh) - The overnight consolidative pattern in EUR/CHF remains well and sound around 1.0880 on Tuesday, as markets get ready for the European open.

EUR/CHF indifferent on Swiss data

The cross has remained apathetic after the Swiss trade surplus shrunk to CHF 2869 million during August from CHF 3579 million in the previous month, with both exports and imports ticking lower from July’s readings at CHF 14232 million and CHF 11363 million, respectively.

In the meantime, the cross is trading in multi-day lows around 1.0880/70, intensifying the leg lower after hitting the 1.1050 area in early September, the highest level since the SNB move back in January.

EUR/CHF relevant levels

At the moment the cross is up 0.07% at 1.0880 and a break above 1.0958 (high Sep.21) would open the door to 1.0995 (high Sep.17) and then 1.1011 (high Sep.14). On the downside, the immediate support lines up at 1.0.870 (low Sep.22) ahead of 1.0848 (low Sep.21) and finally 1.0800 (low Sep.4).

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