SUBSCRIBE TO FEEDFXstreet.com (Barcelona) – The Euro was boosted sharply to 1.4300 level on Wednesday, after the SNB injected a huge capital stimulus into the market. The pair had been previously trading in stagnation phase through strong support at 1.4000 zone.
Wednesday’s rise pared most of the losses the single currency suffered last May 6, when the Swiss Franc downlegged more than 300 pips from key level at 1.4320. The upmove represents a 2.15% rise from previous daily levels.
Into Asia, quieter trading conditions led the pair to fluctuate in a sideways phase through 1.4280. Earlier, EUR/CHF topped at 1.4307, matching yesterday’s high at the exact same level.
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