EUR/CHF recovers post-ECB’s policy decision

From a daily low of 0.9456, the EUR/CHF pair rises 0.17% to trade at 0.9491. The 50-DMA at 0.9585 and the high of 0.9533 on October 17th, respectively, represent resistance points.

Support is located at 0.9450, with additional floors at the lows of 0.9417 and 0.9403 from October 20 and September 26, respectively.

The European Central Bank (ECB) decision to hold rates caused the EUR/CHF to initially tumble, but it later surged from daily lows of roughly 0.9456.

However, towards the end of the North American trading session, the cross recovered its losses and increased by 0.17%, closing at 0.9491.