Reversing direction, the Swiss franc rose against most major counterparts in European deals on Monday.

The franc climbed to a 4-day high of 1.4910 against the pound and near a 4-week high of 1.0784 versus the euro, reversing from its early lows of 1.4979 and 1.0810, respectively.

The franc came off from its early low of 0.9872 against the greenback, rising to 0.9839.

If the franc rises further, it may challenge resistance around 0.95 against the greenback, 1.05 against the euro and 1.46 against the pound.

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