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Forex: EUR/CHF in highs around 1.2220

FXstreet.com (Barcelona) - The Swiss franc continues to lose ground against the single currency on Tuesday, despite the risk-off tone is dominating the markets. The pair is now testing intraday highs in the vicinity of 1.2220, just below session tops at 1.2225.

The Swiss bank UBS remains neutral on the cross, and the Strategist Syed M.Mohi-uddin adds, “Resistance is at 1.2213 ahead of 1.2230. Support is at 1.2163 ahead of 1.2137”.

At the moment, the cross is up 0.11% at 1.2220 with the next resistance at 1.2245 (MA100d) followed by 1.2293 (high Mar.18).
On the downside, a breach of 1.2163 (MA200d) would expose 1.22118 (low Feb.26).

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