FXstreet.com (Barcelona) - The Dollar is trading higher today's European session against the Swissy after rising around 120 pips from yesterday low at 1.0075 to break MA55 and 200 periods on 60 minutes chart at 1.0110/20 and hit intra-day high at 1.0195. Pair seems to be trying to jump above 1.200 level .
Currently the pair is trading around 1.0185/95, 0.90% above today's opening price action at 1.0095, looking to trade above 1.0200 level and test 1.0210 previous high.
George Clement, analyst at Swiss e Trade, comments: In contrast to other majors, the dollar has gained territory against the Swiss franc in early European trading and is currently priced at 1.0180. We doubt that the 1.0200 level will be broken today, and expect moderate weakness to set in today, testing support levels around 1.0120.
The Kshitij Consultancy Service Team affirms: Swiss has risen during the day breaking above the Resistance at 1.0170 mentioned earlier. However it is continuing to trade below 1.0200. As mentioned earlier, a strong break above 1.0200 was not seen for the last couple of weeks. A strong break above 1.0200 might see a rise towards the 55-DMA (currently at 1.0247) which is the significant Resistance to be watched for on the upside. On the other hand if it fails to see a strong break above 1.0200, we might see a downmove toward 1.0100-0080 in the US session today.