5 May 2014
EUR/CHF has lost its shine
FXStreet (Moscow) - EUR/CHF is consolidating at the opening level; new losses may be in store if the resistance of 1.2180 is intact on the intraday basis
In retreat before another rush to 1.2200?
EUR/CHF had the second negative week in a row as risk sentiments turned sour and stimulated investors appetite for safe heaven assets. Now that 1.2180 support is out of the way, the cross may extend the downside to 1.2150 and even to mid-April low of 1.2140. Worrying news from Ukraine and negative dynamic of European stock markets will ensure CHF popularity among buyers. From the fundamental point of view, EZ PPI numbers is a potential cause of EUR volatility today. Lower than expected numbers will put the single currency under selling pressure.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2190, with support below at 1.2160, 1.2150 and 1.2125 with resistance above at 1.2205, 1.2230 and 1.2245. Hourly Moving Averages are
bearish, with the 200SMA at 1.2198 and the daily 20EMA at 1.2194. Hourly RSI is bearish at 36
In retreat before another rush to 1.2200?
EUR/CHF had the second negative week in a row as risk sentiments turned sour and stimulated investors appetite for safe heaven assets. Now that 1.2180 support is out of the way, the cross may extend the downside to 1.2150 and even to mid-April low of 1.2140. Worrying news from Ukraine and negative dynamic of European stock markets will ensure CHF popularity among buyers. From the fundamental point of view, EZ PPI numbers is a potential cause of EUR volatility today. Lower than expected numbers will put the single currency under selling pressure.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2190, with support below at 1.2160, 1.2150 and 1.2125 with resistance above at 1.2205, 1.2230 and 1.2245. Hourly Moving Averages are
bearish, with the 200SMA at 1.2198 and the daily 20EMA at 1.2194. Hourly RSI is bearish at 36