FXstreet.com (Córdoba) - Despite a recovery attempt, the Euro resumed the downside versus the Swiss Franc and dropped toward a fresh 1-week low during the American session as stocks' negative tone weighed on the single currency.
EUR/CHF lost near 50 pips since the Asian session and recently hit its lowest price since Nov 14 at 1.2336 before recovering slightly. At time of writing, the cross is quoting at the 1.2340/45 area, 0.2% below its opening price.
On the downside, if the Swissy drags the cross decisively below 1.2340, next supports could be found at 1.2320 and 1.2280, while on the upside, immediate resistances might be faced at 1.2360, 1.2380 and the 1.2400/10 area.
EUR/CHF lost near 50 pips since the Asian session and recently hit its lowest price since Nov 14 at 1.2336 before recovering slightly. At time of writing, the cross is quoting at the 1.2340/45 area, 0.2% below its opening price.
On the downside, if the Swissy drags the cross decisively below 1.2340, next supports could be found at 1.2320 and 1.2280, while on the upside, immediate resistances might be faced at 1.2360, 1.2380 and the 1.2400/10 area.
