Back
12 Jun 2014
EUR/CHF needs catalysts to get moving
FXStreet (Moscow) - EUR/CHF is consolidating in a narrow range in Asia, in hopes that the European session will be more lively.
Stop the Swissy!
EUR/CHF touched the low of 1.2168, but rebounded to 1.2173 by the end of the day. The cross is driven by general negative sentiments towards the single currency, while some investors might be wary to push the Swiss currency much higher, as the SNB is on the watch and ready to intervene and protect CHF from excessive strengthening. On the intraday basis the downside may be limited by 1.2160 support, though, if it is broken, the bears might dare to push the cross to 1.2140, where the upside correction might start. The upside could be stopped by 1.2190/00.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2179, with support below at 1.2169, 1.2160 and 1.2150 with resistance above at 1.2188, 1.2198 and 1.2207. Hourly Moving Averages are mixed, with the 200SMA at 1.2197 and the daily 20EMA at 1.2200. Hourly RSI is bullish at 50
Stop the Swissy!
EUR/CHF touched the low of 1.2168, but rebounded to 1.2173 by the end of the day. The cross is driven by general negative sentiments towards the single currency, while some investors might be wary to push the Swiss currency much higher, as the SNB is on the watch and ready to intervene and protect CHF from excessive strengthening. On the intraday basis the downside may be limited by 1.2160 support, though, if it is broken, the bears might dare to push the cross to 1.2140, where the upside correction might start. The upside could be stopped by 1.2190/00.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2179, with support below at 1.2169, 1.2160 and 1.2150 with resistance above at 1.2188, 1.2198 and 1.2207. Hourly Moving Averages are mixed, with the 200SMA at 1.2197 and the daily 20EMA at 1.2200. Hourly RSI is bullish at 50