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EUR/CHF near 1.0950, risk aversion persists

FXStreet (Edinburgh) - EUR/CHF keeps navigating in a narrow range ahead of the European open on Tuesday, currently hovering over the mid-1.0900s.

EUR/CHF attention to EMU, German data

Not much happening around the cross during the initial sessions this week in spite of the persistent bias towards the risk-off trade, with the rangebound trading poised to extend further into the European session.

Of note however will be the sentiment and confidence measures in the euro area, preceding the key German flash inflation figures for the current month. In the Alpine economy, the next release worth mentioning will be the UBS Consumption Indicator and the KOF Leading Indicator, both out tomorrow.

EUR/CHF relevant levels

At the moment the cross is flat at 1.0947 with the next support at 1.0845 (low Sep.23) ahead of 1.0823 (low Sep.22) and finally 1.0800 (low Sep.4). On the other hand, the next up barrier aligns at 1.0973 (high Sep.18) followed by 1.0995 (high Sep.17) and then 1.1011 (high Sep.14).

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