Commodity Prices

Gold •14 mins	2,329.10	-9.30	-0.40%
Platinum •14 mins	911.90	-3.90	-0.43%
WTI Crude •10 mins	82.79	-0.02	-0.02%
Gasoline •1 hour	2.736	+0.002	+0.05%
Ethanol •1 hour	2.161	+0.000	+0.00%
Silver •14 mins	27.21	-0.14	-0.50%

Silver • 14 mins	27.21	-0.14	-0.50%
Copper • 14 mins	4.478	-0.009	-0.20%
Brent Crude • 1 hour	88.02	-0.40	-0.45%
Natural Gas • 11 mins	1.665	+0.012	+0.73%
Heating Oil • 45 mins	2.555	+0.005	+0.21%

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EUR/CHF - EUR/CHF is Again a Free-Floating Currency

By - Jan 16, 2015, 2:01 PM CST

EUR/CHF has collapsed after the SNB removed the floor at 1.20000. The subsequent sell-off has stopped at 0.8517, which should act as a support in the coming weeks. An hourly support lies at 0.9715 (intraday low). Resistances can now be found at 1.0263 (50% retacement of yesterday's decline) and 1.0675 (61.8% retracement of yesterday's decline).

The EUR/CHF is again a free-floating currency and has declined to uncharted water. With the upcoming ECB's decision on 22 January, persistent selling pressures are likely to remain on EUR/CHF.

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