EUR/CHF remains capped by 100-day SMA

EUR/CHF remains capped by 100-day SMA
FXStreet (Córdoba) – EUR/CHF is consolidating in a tight range in another quiet day with light economic calendar providing little inspiration to drive price action.

The euro trades a tad softer across the board, having pulled back from a high of 1.0455 scored the previous day against the franc. EUR/CHF has found a comfort zone above 1.0400 with recovery attempts being capped by the 100-day SMA. At time of writing, the pair is trading at 1.0435, virtually unchanged on the day.

EUR/CHF levels to watch

In terms of technical levels, next resistances are seen 1.0445/1.0450 (Jul 21 high/100-day SMA), 1.0463 (Jul 14 high), 1.0491 (Jul 1 high). On the flip side, supports could be found at 1.0424 (Jul 21 low), 1.0405/00 (Jul 20 low/psychological level) and 1.0370 (Jun 30 low).
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EUR/CHF remains capped by 100-day SMA
Source: FXStreet