Posted by Chris Advincula on Tue, Mar 24, 2015 @ 06:02 AM
There is relatively good buying interest for the swiss franc versus the euro thus, pushing the EURCHF rate lower to 1.0488 from the top resistance of 1.0580 (-92 pips) from the prior Asian session to European trading.
The EURCHF’s decline was fueled by USDCHF selling against the broadly lower dollar. USDCHF is down -140 pips to 0.9570 from 0.9690 breaking the 100 day moving average support at 0.9601.
Save time by using the PremiereTrade Software. Green you Buy, Red you sell. Here is the EUR/CHF with the price in the red and moving to the Downside.
The PremiereTrade Wizard’s decisive colors are great for analyzing any currency pair.
Charts: WorldWideMarkets Alpha Trade/PremiereTrade