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Highest level since July 21

EURCHF
  • Decent move in EURCHF on the back of today's SNB decision to leave rates on hold with a jump from 0.9570 to an intraday high of 0.9656 (around an 85 pip move).
  • This represented a break of the August 11 high of 0.9649, a key resistance.
  • Looking to the topside there appears to be some further resistance around the 0.9673 level which represents the 61.8% retracement of the September 2022 low to January 2023 high, with the July 12 high of 0.9695 above this.

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