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6 Aug 2014
EUR/CHF has struck again
FXStreet (Moscow) - EUR/CHF started the day at 1.2160 and moved towards 1.2155, but rebounded back.
Vigorous Swissy - who would have dreamt of it?
EUR/CHF moved within 20-pips range on Tuesday. Not something to sneeze at when it comes to EUR/CHF. Bulls tried to break above 1.2170 pivot but climbed only to 1.2175, failed to hold the ground and retraced to 1.2160. European stock markets rose after four days of losses as a number of European companies published better-than-expected earning results, and thus provided good environment for CHF weakening even despite growing geopolitical tensions. EUR/CHF bulls might have harder time recovering lost ground now, though the bears need to get below 1.2150 to have an upper hand
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2166, with support below at 1.2152, 1.2145 and 1.2131 with resistance above at 1.2173, 1.2187 and 1.2194. Hourly Moving Averages are mixed, with the 200SMA bearish at 1.2161 and the daily 20EMA flat at 1.2159. Hourly RSI is bearish at 31.
Vigorous Swissy - who would have dreamt of it?
EUR/CHF moved within 20-pips range on Tuesday. Not something to sneeze at when it comes to EUR/CHF. Bulls tried to break above 1.2170 pivot but climbed only to 1.2175, failed to hold the ground and retraced to 1.2160. European stock markets rose after four days of losses as a number of European companies published better-than-expected earning results, and thus provided good environment for CHF weakening even despite growing geopolitical tensions. EUR/CHF bulls might have harder time recovering lost ground now, though the bears need to get below 1.2150 to have an upper hand
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2166, with support below at 1.2152, 1.2145 and 1.2131 with resistance above at 1.2173, 1.2187 and 1.2194. Hourly Moving Averages are mixed, with the 200SMA bearish at 1.2161 and the daily 20EMA flat at 1.2159. Hourly RSI is bearish at 31.