EUR/CHF extends gains above 1.0900 and eyes multi-month lows

By FXStreet FXStreet (Córdoba) – EUR/CHF broke above 1.0925 and jumped to 1.0949, reaching the strongest level since August 12. A weak Swiss franc boosted the pair.

EUR/CHF to test post SNB highs

The recent rally pushed the pair above important short term resistance levels and is now moving toward 1.0960, the August peak and the highest level since January 15, when the Swiss National Bank (SNB) abandoned the 1.20 peg.

The Swiss franc continues to be among the worst performers in the market. The US dollar is falling across the board and among major is rising only against the Swissy and the yen on a day characterized by risk appetite. In Wall Street, the Dow Jones is rising 1.62% and the Nasdaq gains 1.75%.

While USD/CHF remains near daily highs and the 0.9800 area, at 3-month highs, EUR/USD is up for the day, now attempting to rise back above 1.1200.
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Source:: FX Street