10 Apr 2014
EUR/CHF doesn't give up its bullish dreams
FXStreet (Moscow) - EUR/CHF is recovering from Asian low of 1.2275$ currently cross is trading at 1.2180.
EUR/CHF cannot make its mind
EUR/CHF touched the low of 1.2169 on Wednesday, but managed to close at 1.2183. The short-term picture is not that clear anymore, from the tеусртсфд point of view a prolonged period of rangebound trading is in store for us, at least until 1.2170/65 is firmly broken on daily basis. In this case the bearish case will strengthen substantially. Today the cross movements will be influenced by EUR-related factors and risk sentiments, the latter seems to be a more powerful CHF driver these days.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2185, with support below at 1.2172, 1.2157 and 1.2144 with resistance above at 1.2200, 1.2213 and 1.2228. Hourly Moving Averages are bearish, with the 200SMA at 1.2200 and the daily 20EMA at 1.2193. Hourly RSI is bearish at 41.
EUR/CHF cannot make its mind
EUR/CHF touched the low of 1.2169 on Wednesday, but managed to close at 1.2183. The short-term picture is not that clear anymore, from the tеусртсфд point of view a prolonged period of rangebound trading is in store for us, at least until 1.2170/65 is firmly broken on daily basis. In this case the bearish case will strengthen substantially. Today the cross movements will be influenced by EUR-related factors and risk sentiments, the latter seems to be a more powerful CHF driver these days.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2185, with support below at 1.2172, 1.2157 and 1.2144 with resistance above at 1.2200, 1.2213 and 1.2228. Hourly Moving Averages are bearish, with the 200SMA at 1.2200 and the daily 20EMA at 1.2193. Hourly RSI is bearish at 41.