EUR/CHF rises to 1.0450, above last week close

FXStreet (Córdoba) – EUR/CHF rose back above 1.0400 and climbed to 1.0451 reaching a fresh daily high amid a weak Swiss franc. The pair remains near the highs.

EUR and Greece

Greek officials put forward a new proposal to its creditors for a new bailout program for 2 years, with funds used to debt payments. According to reports Angela Merkel said that they will not negotiate anything new before the Greek referendum.

The euro was unaffected by the latest reports while the Swissy is among the worst performers in the currency market during the American session.

EUR/CHF levels to watch

The recent rally was capped by 1.0450, above the next resistance could be located at 1.0480 followed by 1.0500. On the opposite direction support might lie at 1.0370, 1.0310 and 1.0280.

EUR/CHF rose back above 1.0400 and climbed to 1.0451 reaching a fresh daily high amid a weak Swiss franc. The pair remains near the highs.


(Market News Provided by FXstreet)