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11 Mar 2015
EUR/CHF falls to test March lows
FXStreet (Córdoba) - The euro is falling across the board on Wednesday, even against the Swiss franc that is also weak in the market.
The EUR/CHF pair broke below 1.0655 and fell to 1.0634, where currently trades, slightly above March lows, that lie at 1.0627. The pair is moving with a downside bias, breaking a 3-day trading range.
Below 1.0627, the next support area could be located at 1.0607 (Feb 27 low), followed by 1.0585 and 1.0545. On the opposite direction, resistance might lie at 1.0695, 1.0720 and 1.0760 (March high).
The pair continues to retreated after climbing on February 19 to 1.0810, reaching the strongest level since January 15, when the Swiss National Bank abandoned the cap.
The EUR/CHF pair broke below 1.0655 and fell to 1.0634, where currently trades, slightly above March lows, that lie at 1.0627. The pair is moving with a downside bias, breaking a 3-day trading range.
Below 1.0627, the next support area could be located at 1.0607 (Feb 27 low), followed by 1.0585 and 1.0545. On the opposite direction, resistance might lie at 1.0695, 1.0720 and 1.0760 (March high).
The pair continues to retreated after climbing on February 19 to 1.0810, reaching the strongest level since January 15, when the Swiss National Bank abandoned the cap.