Forex: EUR/CHF finds support at 1.3400

July 14, 2010

FXstreet.com (Barcelona) – Reaching its highest level since June 28 in the early hours of trading today, the EUR/CHF has since pared daily gains yet still finds firm support above 1.3400. Currently the pair treads lightly around that critical level, trading at 1.3407 at time of writing which is 0.12% lower from the opening price.

With the pair showing horizontal movement on light volume, the next support levels are placed at 1.3376 and later 1.3343. On the upside, resistance is listed at 1.3419 and then 1.3453.
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