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EUR/CHF sidelined near 1.0940, EMU data eyed

FXStreet (Edinburgh) - The single currency is trading almost unchanged vs. its Swiss counterpart on Wednesday, taking EUR/CHF to the area of 1.0940.

EUR/CHF unmoved by data

The cross remained apathetic following the lacklustre results from German retail sales during August, focusing instead on the more significant inflation figures due in the euro bloc ahead in the session.

Data wise in Switzerland, the UBS Consumption Indicator eased to 1.63 during August and the Leading Indicator tracked by KOF has ticked lower to 100.4 for the current month.

EUR/CHF relevant levels

At the moment the cross is up 0.02% at 1.0938 with he next resistance at 1.0973 (high Sep.18) ahead of 1.0995 (high Sep.17) and finally 1.1011 (high Sep.14). On the downside, a break below 1.0845 (low Sep.23) would expose 1.0823 (low Sep.22) and then 1.0800 (low Sep.4).

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