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EUR/CHF slumps to lows near 1.0900

FXStreet (Edinburgh) - The Swiss franc is now sharply higher vs. the single currency on Monday, dragging EUR/CHF to fresh lows near 1.0900 the figure.

EUR/CHF lower on CHF strength

The riskier assets remains on the wrong footing at the beginning of the week, with a renewed bid tone now pushing the safe haven CHF to print fresh highs vs. the euro around the 1.0900 neighbourhood.

The cross is coming down after climbing as high as the vicinity of 1.0960 following the initial buying interest around the shared currency, although the sentiment has faded soon afterwards.

EUR/CHF relevant levels

At the moment the cross is losing 0.35% at 1.0903 with the next support 1.0878 (low Sep.9) ahead of 1.0832 (low Sep.7) and finally 1.0784 (low Aug.31). On the other hand, a break above 1.1011 (high Sep.15) would aim for 1.1049 (high Sep.11) and then 1.1100 (psychological level).

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