13 Jun 2014
EUR/CHF consolidates losses around 1.2170 support
FXStreet (Moscow) - EUR/CHF is sitting in a narrow range, limited by 1.2175 on the upside and 1.2168 on the downside.
Swissy is strong but not for long
EUR/CHF has stalled at 1.2170 level and printed two doji candles on daily charts. It is not clear yet, where it’s a pause before a new bearish assault, or an upside rebound back to 1.2200 is in store for us as lots will depend on SNB actions. CHF is gaining ground against EUR as long as the Swiss central bankers keep mum. Once they open their mouthes to express displeasure with the currency strength, the cross will reverse its course. Meanwhile, on the intraday basis, EUR/CHF might be locked in the range as investors will refrain from actions ahead of the weekend.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2177, with support below at 1.2168, 1.2161 and 1.2152 with resistance above at 1.2184, 1.2193 and 1.2200. Hourly Moving Averages are mixed, with the 200SMA at 1.2193 and the daily 20EMA at 1.2200. Hourly RSI is bullish at 52
Swissy is strong but not for long
EUR/CHF has stalled at 1.2170 level and printed two doji candles on daily charts. It is not clear yet, where it’s a pause before a new bearish assault, or an upside rebound back to 1.2200 is in store for us as lots will depend on SNB actions. CHF is gaining ground against EUR as long as the Swiss central bankers keep mum. Once they open their mouthes to express displeasure with the currency strength, the cross will reverse its course. Meanwhile, on the intraday basis, EUR/CHF might be locked in the range as investors will refrain from actions ahead of the weekend.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2177, with support below at 1.2168, 1.2161 and 1.2152 with resistance above at 1.2184, 1.2193 and 1.2200. Hourly Moving Averages are mixed, with the 200SMA at 1.2193 and the daily 20EMA at 1.2200. Hourly RSI is bullish at 52