EUR/CHF continues rally; 1.10 next

  • EUR/CHF has been in a decent uptrend for several weeks now and China’s devaluation move overnight helped to push the pair to fresh highs
  • It reached a high of 1.0920 earlier; a new post-peg high
  • No significant resistance until 1.10 now; which will be an important psychological level
  • Above there, 1.12 would be the next meaningful resistance level
  • The uptrend remains very well intact and there is not much threat to it as long as the situation in the Euro Zone remains relatively calm

EURCHF

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