The EUR/CHF fell off the 1.2165 handle during European trading Monday, plummeting over 20 pips before bottoming out at the 1.2142 level (daily low). Following the release of economic statistics in the EMU, the cross has now recovered the mark of 1.2150/52 in these moments, down a modest -0.05%. Tech analysts identify the next corrective measures of support for the EUR/CHF at 1.2144, ahead of 1.2125, and finally 1.2099. Regarding a paring of losses, resistances for the pair will trigger should the pair reach 1.2189, onto 1.2215, and finally the 1.2234 handle.
The EUR/JPY printed its lowest price on the day at 127.56 during the Asian session, as the Yen resumes its corrective movement from the rally to 131.13 high on BoJ easing. The European morning allowed a move back to 128.00 area and to as high as 128.65. Just before the release of EMU trade balance the cross retested the 128.00 line, which is holding. Tech analysts point to resistance at 128.55, 129.80 and 131.05. On the downside, supports might be found at 127.55, 126.75 and 126.15.
EasyForexNews Research Team