7 May 2014
EUR/CHF is under pressure after better than expected Swiss unemployment data
FXStreet (Moscow) - EUR/CHF is marginally down on the day at 1.2169, off a daily high at 1.2181.
Stocks shows Swissy where to go
EUR/CHF dropped to new monthly low at 1.2161 despite better than expected Eurozone Service PMI data and broadband EUR strength. European stocks has been falling three days in a row, it is the longest period of decline since March caused by the Ukrainian crisis escalation, As a consequence, investors seek safety on Swiss currency, pushing EUR/CHF to new lows. Swiss unemployment data published today provided CHF with additional support and gave investors some food for thought, but it would hardly change the EUR/CHF disposition as the cross is more sensitive to stock market development and risk factors. The key levels to watch: 1.2180 on the upside and 1.2150 on реу downside.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2178, with support below at 1.2163, 1.2149 and 1.2136 with resistance above at 1.2190, 1.2203 and 1.2217. Hourly Moving Averages are mostly
bearish, with the 200SMA at 1.2191 and the daily 20EMA at 1.2191. Hourly RSI is bearish at 42
Stocks shows Swissy where to go
EUR/CHF dropped to new monthly low at 1.2161 despite better than expected Eurozone Service PMI data and broadband EUR strength. European stocks has been falling three days in a row, it is the longest period of decline since March caused by the Ukrainian crisis escalation, As a consequence, investors seek safety on Swiss currency, pushing EUR/CHF to new lows. Swiss unemployment data published today provided CHF with additional support and gave investors some food for thought, but it would hardly change the EUR/CHF disposition as the cross is more sensitive to stock market development and risk factors. The key levels to watch: 1.2180 on the upside and 1.2150 on реу downside.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2178, with support below at 1.2163, 1.2149 and 1.2136 with resistance above at 1.2190, 1.2203 and 1.2217. Hourly Moving Averages are mostly
bearish, with the 200SMA at 1.2191 and the daily 20EMA at 1.2191. Hourly RSI is bearish at 42