The EUR/CHF technical cross plummeted during US trading Thursday, having fallen below the 1.2300 level and broken lower throughout the day.
Earlier today, the CHF received a welcome boost with the advent of the SNB, which held interest rates at 0.0%. This coincided with mixed Swiss data during the European session, including a lackluster Trade Balance.
The EUR/CHF is establishing fresh intraday lows at 1.2284 in these moments, the pair is presently operating at -0.40% off it’s opening. Technically speaking, analysts identify the next short-term measures of support at 1.2284, then 1.2260, and 1.2222. Meanwhile, resistance lies ahead at 1.2348, onto 1.2388, and 1.2412.