OctaFX | OctaFX Forex Broker
Open trading account

EUR/CHF a tad weaker, near 1.0830

FXStreet (Edinburgh) - The single currency has left behind session tops vs. the Swiss franc and is now taking EUR/CHF back to the 1.0830 region.

EUR/CHF unmoved post-data

The franc gathered some pace after Switzerland’s trade surplus has widened to CHF 3.04 billion during September vs. CHF 2.51 billion forecasted and CHF 2.86 billion from the previous month, pulling back the cross from daily peaks near 1.0840.

However, the cross remains poised to extend its narrow range, as cautiousness among traders keeps growing bigger in light of the upcoming ECB meeting (Thursday) and the probable dovish tone from Draghi’s press conference.

EUR/CHF levels to consider

At the moment the cross is down 0.05% at 1.0826 and a breakdown of 1.0776 (low Oct.16) would open the door to 1.0744 (100-day sma) and finally 1.0501 (Fibo 23.6% of 0.8696-1.1058). On the upside, the immediate hurdle aligns at 1.0887 (55-day sma) followed by 1.0926 (downtrend from 1.1049) and then 1.1049 (high Sep.11).

AUD/JPY tests 97 handle on its way hourly 200-SMA

The AUD/JPY cross extends higher in the European morning, having formed a doji on daily sticks on Monday, as Aussie bulls are in total control on the back of upbeat RBA minutes and higher oil prices.
Read more Previous

EUR/USD forecast: caution ahead of ECB – Commerzbank and OCBC

EUR/USD keeps the consolidative pattern following the sell off at the beginning of the week, navigating the 1.1330/20 band ahead of the European open...
Read more Next
Start livechat