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FXStreet (Mumbai) - The EUR/CHF ran into offers close to 1.038 after the SNB’s Jordan at the AGM said the CHF could appreciate further due to Greek crisis.
Focus on Eurogoup meeting
The investors are likely to focus on Eurogroup meeting, which kicks-off at 9:30 GMT with Dijsselbloem and Draghi speeches. The pair could make another attempt at 1.038 in case we hear news of Greece reaching some sort of agreement with its creditors. On the other hand, no progress over the issue could lead to appreciation of CHF, as indicated by SNB’s Jordan.
EUR/CHF Technical Levels
The pair currently trades at 1.0365. The immediate resistance is located at 1.0426 (Apr. 22 high), above which gains could be extended to 1.0493 (Apr. 6 high). On the flip side, a break below 1.035 could see the pair fall back to the daily low of 1.0324.
