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14 Jun 2013
EUR/CHF holds above 1.2300 after CPI in EMU
FXstreet.com (New York) - The EUR/CHF technical cross has traded off its highs at 1.2341 Friday, only to edge lower during the European session, whilst holding above the 1.2300 barrier.
EMU data offers little surprises for EUR/CHF
In the EMU, Consumer Price Index (YoY) grew +1.4% in May, in line with expectations. Moreover, the Consumer Price Index – Core (YoY) has climbed +1.2% in May, also matching estimates. Finally, the Consumer Price Index (MoM) yielded +0.1% in May, once again coming in at the same projected figure.
Amidst the recent downtrend, the EUR/CHF is now settling at 1.2309 in these moments, incurring a loss of -0.18% off its opening. The Mataf.net analyst team points to the next levels of supportive correction at 1.2250, ahead of 1.2179, and eventually 1.2136. Alternatively, a thrust into positive territory will eventually drive the pair towards resistances at 1.2364, then 1.2407, and finally 1.2478.
EMU data offers little surprises for EUR/CHF
In the EMU, Consumer Price Index (YoY) grew +1.4% in May, in line with expectations. Moreover, the Consumer Price Index – Core (YoY) has climbed +1.2% in May, also matching estimates. Finally, the Consumer Price Index (MoM) yielded +0.1% in May, once again coming in at the same projected figure.
Amidst the recent downtrend, the EUR/CHF is now settling at 1.2309 in these moments, incurring a loss of -0.18% off its opening. The Mataf.net analyst team points to the next levels of supportive correction at 1.2250, ahead of 1.2179, and eventually 1.2136. Alternatively, a thrust into positive territory will eventually drive the pair towards resistances at 1.2364, then 1.2407, and finally 1.2478.