30 Apr 2014
EUR/CHF get nervous before CPI release
FXStreet (Moscow) - EUR/CHF sidelined at the opening level of 1.2199 during the Asian session, but moved lower to 1.2195 at the moment.
EUR/CHF was a lucky exception to EUR downside
Yesterday, EUR/CHF touched intraday highs at 1.2215, but finished the day marginally below this unbeatable 1.2200 level. EUR/CHF was among those rare EUR crosses that grew yesterday as German inflation data spoiled the mood of EUR traders and pushed single currency lower across the board. As we have already mentioned, this cross is more sensitive to risk factors and stock market developments than to macro economic news, and this time it gained support from Emerging stock markets rise coupled with European stocks advance to three week high. Nevertheless, the looming EMU CPI report may put the pair under pressure. From the technical point of view, a clear break below 1.2200 will bring 1.2177 into sight, while the nearest resistance comes at 1.2220.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2202, with support below at 1.2190, 1.2177 and 1.2165 with resistance above at 1.2212, 1.2227 and 1.2240. Hourly Moving Averages are largely bullish, with the 200SMA at 1.2200 and the daily 20EMA at 1.2194. Hourly RSI is bullish at 50.
EUR/CHF was a lucky exception to EUR downside
Yesterday, EUR/CHF touched intraday highs at 1.2215, but finished the day marginally below this unbeatable 1.2200 level. EUR/CHF was among those rare EUR crosses that grew yesterday as German inflation data spoiled the mood of EUR traders and pushed single currency lower across the board. As we have already mentioned, this cross is more sensitive to risk factors and stock market developments than to macro economic news, and this time it gained support from Emerging stock markets rise coupled with European stocks advance to three week high. Nevertheless, the looming EMU CPI report may put the pair under pressure. From the technical point of view, a clear break below 1.2200 will bring 1.2177 into sight, while the nearest resistance comes at 1.2220.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2202, with support below at 1.2190, 1.2177 and 1.2165 with resistance above at 1.2212, 1.2227 and 1.2240. Hourly Moving Averages are largely bullish, with the 200SMA at 1.2200 and the daily 20EMA at 1.2194. Hourly RSI is bullish at 50.