16 Jun 2014
EUR/CHF is under selling pressure again
FXStreet (Moscow) - EUR/CHF is not ready to grow much higher yet as the cross retreated from the Asian high of 1.2185 and touched the low of 1.2175
Swissy is getting into tizzy
What a ride! From the trough of 1.2163 and up to the daily high of 1.2185. EUR/CHF grew steadily during European and American hours and finished Friday on the highest level of the day, thus negating nearly all losses incurred during the week. This bullish run has noting to do with general EUR sentiments. Even the sell-off on the European stock markets triggered by escalating violence in Iraq failed to impress the markets and support the Swiss currency. It’s the looming SNB monetary policy meeting that occupies investors’ minds nowadays. Market people are reluctant to drive CHF before this key risk event. On the intraday basis, the key levels to watch are 1.2190 on the upside and 1.2170 on the downside.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2181, with support below at 1.2170, 1.2154 and 1.2143 with resistance above at 1.2197, 1.2208 and 1.2224. Hourly Moving Averages are mixed, with the 200SMA at 1.2189 and the daily 20EMA at 1.2196. Hourly RSI is bullish at 57
Swissy is getting into tizzy
What a ride! From the trough of 1.2163 and up to the daily high of 1.2185. EUR/CHF grew steadily during European and American hours and finished Friday on the highest level of the day, thus negating nearly all losses incurred during the week. This bullish run has noting to do with general EUR sentiments. Even the sell-off on the European stock markets triggered by escalating violence in Iraq failed to impress the markets and support the Swiss currency. It’s the looming SNB monetary policy meeting that occupies investors’ minds nowadays. Market people are reluctant to drive CHF before this key risk event. On the intraday basis, the key levels to watch are 1.2190 on the upside and 1.2170 on the downside.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2181, with support below at 1.2170, 1.2154 and 1.2143 with resistance above at 1.2197, 1.2208 and 1.2224. Hourly Moving Averages are mixed, with the 200SMA at 1.2189 and the daily 20EMA at 1.2196. Hourly RSI is bullish at 57