FXstreet.com (Barcelona) - The Swissy has jumped suddenly in the last hour against the Euro and Dollar to reach intra-day high levels. The EUR/CHF has risen around 100 pips from 1.5080 to break MA55 hourly at 1.5110 and MA200 hourly at 1.5120 to hit 1-week high at 1.5172. Currently the pair is trading around 1.5125/35, 0.15% above today's opening price action.
USD/CHF has jumped 85 pips in the last hour from 1.0155 to trade above MA55 hourly at 1.0220 and reach intra-day high at 1.0240. Currently the pair is trading aroun 0.30% above today's opening price action.
Valeria Bednarik, FXstreet.com collaborator, comments in her blog: Again, EUR/CHF moved under 1.5100 and jumped up 80 pips in 15 minutes, while dragging USD/CHF from 1.0170 to 1.0230; Euro feel the movement and dropp quickly to test the 1.4800 area. If this gives up, look for the 1.4770 area there! Swissy should move above 1.0230 to test the 1.0285 level.