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EUR/CHF chart - Trading View
EUR/CHF was trading 0.10% lower on the day at 1.0840 at around 10:45 GMT, bias neutral.
Upbeat euro area unemployment data fails to impress the single currency. The pair remains in the red.
Data published by Eurostat on Friday showed euro area seasonally adjusted Unemployment Rate declined to 8.3% in November from 8.4% in October, better than the market expectation of 8.5%.
Further details of the publication revealed that the Unemployment Rate in the EU improved to 7.5% from 7.6% in October.
The number of persons unemployed decreased by 222 000 in the EU and by 172 000 in the euro area compared to the previous month.
EUR/CHF trades with a bullish bias on the weekly charts, but finds stiff resistance at 110W EMA. Decisive break above will assert a clear upside bias.
