USDCHF and EURCHF both hovering near support lines

Author: Mike Paterson | Category: News

A day of retreat so far but demand/support nearby 12 March

Currently 0.9481 and 1.1680 both pairs are bang on immediate support lines. We should see these levels prevail but if we do breach then there's more below into 0.9460 and 1.1650

EUR finding some general support though with EURGBP up to 0.8868 after holding 0.8850 and EURUSD holding above 1.2310 for the moment. Sellers lurking on both though given the tight ranges prevailing.

SNB will never be too far away as we know.

See you all back here tomorrow.