Forex: CHF post another strong day versus USD and EUR

on January 11 2010 1:38 PM

FXstreet.com (Barcelona) - The Swiss franc continued its multi-day rallies versus both the dollar and the euro earlier before currently settling down later in today's American session.

The CHF has gained over 100 pips versus the USD on the day to establish a new monthly low at 1.0130 early in today's European session. The pair has been trading sideways ever since, unable to break the support level of 1.0130 and finding a ceiling at 1.0201.

The CHF has also been posting gains against the EUR as the pair has slid around 35 pips on the day to once again set a fresh low not seen since March of last year at 1.4722. After hitting this minimum earlier in today's European session, the pair briefly spiked to 1.4794 before calming down to operate sideways with support at 1.4744.

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