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23 Apr 2014
EUR/CHF is attracted to 1.2200 like a magnet
FXStreet (Moscow) - EUR/CHF started the day with the bearish tone as the cross moved to current lows of 1.2207 after opening at 1.2215
Above 1.2200. Is it for real now?
EUR/CHF moved to 1.2215 on Tuesday as both European and American stock markets advanced on the back of better risk sentiments. this reduced demand on safe heaven Swissy, and helped the cross to settle well above the pivotal level of 1.2200. Swiss calendar is empty today so the key focus is on the Eurozone numbers and risk factors. Keep an eye on 1.2220 resistance zone as it may limit the upside during the day. The support is seen at 1.2200
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2214, with support below at 1.2207, 1.2195 and 1.2188 with resistance above at1.2226, 1.2233 and 1.2245. Hourly Moving Averages are mostly bullish, with the 200SMA at 1.2181 and the daily 20EMA at 1.2191. Hourly RSI is bullish at 54.
Above 1.2200. Is it for real now?
EUR/CHF moved to 1.2215 on Tuesday as both European and American stock markets advanced on the back of better risk sentiments. this reduced demand on safe heaven Swissy, and helped the cross to settle well above the pivotal level of 1.2200. Swiss calendar is empty today so the key focus is on the Eurozone numbers and risk factors. Keep an eye on 1.2220 resistance zone as it may limit the upside during the day. The support is seen at 1.2200
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2214, with support below at 1.2207, 1.2195 and 1.2188 with resistance above at1.2226, 1.2233 and 1.2245. Hourly Moving Averages are mostly bullish, with the 200SMA at 1.2181 and the daily 20EMA at 1.2191. Hourly RSI is bullish at 54.