Commodity Prices

Gold •593 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	2,012.30	-64.80	-3.12%
WTI Crude •11 mins	63.12	+0.23	+0.37%
Gasoline •12 mins	1.908	-0.003	-0.18%
Ethanol •593 days	2.161	+0.000	+0.00%
Silver •593 days	30.82	+1.16	+3.92%

Silver • 593 days	30.82	+1.16	+3.92%
Copper • 593 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.97	-0.68	-0.99%
Natural Gas • 11 mins	3.095	-0.148	-4.56%
Heating Oil • 11 mins	2.398	+0.010	+0.40%

Headlines

978 days Will The ECB Continue To Hike Rates?
978 days Forbes: Aramco Remains Largest Company In The Middle East
980 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,380 days Could Crypto Overtake Traditional Investment?
1,385 days Americans Still Quitting Jobs At Record Pace
1,386 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,390 days Is The Dollar Too Strong?
1,390 days Big Tech Disappoints Investors on Earnings Calls
1,391 days Fear And Celebration On Twitter as Musk Takes The Reins
1,392 days China Is Quietly Trying To Distance Itself From Russia
1,393 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,397 days Crypto Investors Won Big In 2021
1,397 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,398 days Food Prices Are Skyrocketing As Putin’s War Persists
1,400 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,400 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,404 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,405 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,405 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,407 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

EUR/CHF - Bullish Breakout of The Resistance at 1.0644

By - Feb 18, 2015, 2:41 PM CST

EUR/CHF is grinding higher after its massive sell-off. The key resistance area between 1.0600/1.0644 and 1.0675 (61.8% retracement of the 15 January decline) has been broken. A key resistance stands at 1.1002 (02/09/2011 low). Hourly supports can be found at 1.0631 (intraday low) and 1.0551 (16/02/2015 low).

The EUR/CHF is again a free-floating currency and has declined to uncharted water. The ECB's QE programme is likely to cause persistent selling pressures on EUR/CHF, which should lead to SNB's interventions. The breach of the key resistance at 1.0600 suggests improving buying interest. Another key resistance stands at 1.1002 (02/09/2011 low). A key support can be found at 1.0357 (30/01/2015 low).

Daily Technical Report