Eur/chf Pares Early Losses, 1.0315 Pivotal

Source: Thomson Reuters

  • EUR/CHF reverses early losses, trades +10 points & 40 points above 1.0373 low
  • Asian stocks are positive – MIAP AXJ +0.88% – risk “on” cross supportive
  • Asian 1.0373 low & NY 1.0422 high are initial support/resistance
  • SNB “will be active in FX market if necessary” 
  • So authorities could be behind the bounce into month/quarter end

The material has been provided by InstaForex Company – www.instaforex.com

Tags: