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EUR/CHF off highs, back to 1.0850

FXStreet (Edinburgh) - The Swiss franc is trading almost unchanged vs. its European peer on Thursday, taking EUR/CHF to the area of 1.0850.

EUR/CHF indifferent to Swiss data

The cross kept the composure after the Swiss Industrial Production has contracted at an annual pace of 5.1% during the third quarter, accentuating the previous drop of 2.4%.

Next on tap will be EMU’s credit figures, with Private Loans and M3 Money Supply for the month of October. In the meantime, market participants remains vigilant on the SNB in light of the potential announcement of additional easing measures by the ECB in December.

EUR/CHF levels to consider

At the moment the cross is up 0.01% at 1.0853 and a surpass of 1.0930 (high Oct.30) would aim for 1.0986 (high Oct.2) and then 1.1049 (high Sep.11). On the other hand, the next support lines up at 1.0802 (100-day sma) followed by 1.0703 (low Aug.20) and finally 1.0501 (23.6% Fibo of 0.8695-1.1049).

Switzerland Industrial Production (QoQ) dipped from previous -2.5% to -3.1% in 3Q

Switzerland Industrial Production (QoQ) dipped from previous -2.5% to -3.1% in 3Q
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