OctaFX | OctaFX Forex Broker
Open trading account

Forex: EUR/CHF finds support at 1.2170

FXstreet.com (Barcelona) - Increased inflows into the safe haven Swiss franc have dragged the cross to weekly lows in the vicinity of 1.2170 on Wednesday, currently trading in the negative territory for the third consecutive session.

M.Mohi-uddin, Director of FX Strategy at UBS, commented, “EURCHF is likely to trade around 1.22-1.23 over the next one to three months with the SNB remaining ready to buy euros aggressively if the cross was to test 1.20 again… In addition, it's worth noting that SNB Board Member Zurbruegg said model estimates suggest the franc remains 7-20% overvalued”.

At the moment, the pair is losing 0.03% at 1.2189 with the next support at 1.2159 (low Feb.27) followed by 1.2126 (MA200d) and finally 1.2118 (low Feb.26).
On the upside, a breakout of 1.2205 (MA100d) would open the door to 1.2267 (MA21d) and then 1.2293 (high Mar.18).

Forex Flash: US 10-year treasuries prolong sideways movements – RBS

The market continues to see a 1.75% to 2.15% range in 10-year US Treasuries. According to the RBS Research Team, “Key resistance remains 2.15% in 10-years, while the near-term support is 1.83%. Our bias remains to modestly lower yields in the near-term, though confidence in our abilities to "all even minor moves in this environment are ebbing as the dominant rate trend remains sideways.”
Read more Next
Start livechat