FXstreet.com (Barcelona) - The pair is holding on to the proximities of 1.2320 on Thursday, after the ECB statement was in line with previous estimates. The Swiss franc has been appreciating against the euro since Monday, reflecting the renewed jitters hovering over the euro area, falling from weekly highs above the key barrier at 1.2400 to the current levels around 1.2320

When comes to results, the Swiss SECO Consumer Climate index improved to -6 in the fourth quarter, up from -17 prior.

At the time of writing, the pair is up 0.10% at 1.2319 with the next hurdle at 1.2368 (MA10d) ahead of 1.2389 (MA21d) en route to 1.2501 (Upper Bollinger).
On the downside, a dip below 1.2257 (low Feb.5) would clear the way to 1.2229 (MA55d) and finally 1.2187 (low Jan.14).