Forex: EUR/CHF trading at session highs at 1.2163/65

FXstreet.com (Barcelona) - The EUR/CHF is trading at session highs during European trading Tuesday, having edged higher gradually to test the 1.2163/65 level in these moments. This represents a staunch recovery off of its opening, which was trading as low as 1.2135. At the time of writing, the pair as notched an advance of +0.17%.

According to Gareth Berry a Research Analyst at UBS, “We reiterate our neutral rating for the EUR/CHF with resistance is at 1.2173 ahead of 1.2213. Meanwhile, strong support is at 1.2120.”

In Switzerland, the Producer and Import Prices (MoM) came in at 0.0% in March, against expectations of -0.1%. Moreover, Producer and Import Prices (YoY) yielded a change of -0.3% in the month of March, matching a consensus of -0.3%.