9 Jun 2014
EUR/CHF struggles below 1.2200
FXStreet (Moscow) - EUR/CHF took off from 1.2187 and touched the Asian high at 1.2191. The trading activity is low ahead of European opening
Dangerous times for Swissy
EUR/CHF dipped to new monthly low of 1.2164, but managed to retrace some losses and finished week at 1.2189. This was the third negative weekly close in a row. The technical picture has darkened, but not completely spoiled. Swiss unemployment rate and retail sales data published on Tuesday, might attract investors attention, as they want to know if there any fundamental reasons for SNB to extend stimulus. Signs of weakening economy might push EUR/CHF above 1.2200 again, though, as long as the cross trades below this level, the sentiments remain bearish
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2184, with support below at 1.2162, 1.2147 and 1.2123 with resistance above at 1.2201, 1.2225 and 1.2240. Hourly Moving Averages are mixed, with the 200SMA at 1.2208 and the daily 20EMA at 1.2205. Hourly RSI is bullish at 56
Dangerous times for Swissy
EUR/CHF dipped to new monthly low of 1.2164, but managed to retrace some losses and finished week at 1.2189. This was the third negative weekly close in a row. The technical picture has darkened, but not completely spoiled. Swiss unemployment rate and retail sales data published on Tuesday, might attract investors attention, as they want to know if there any fundamental reasons for SNB to extend stimulus. Signs of weakening economy might push EUR/CHF above 1.2200 again, though, as long as the cross trades below this level, the sentiments remain bearish
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2184, with support below at 1.2162, 1.2147 and 1.2123 with resistance above at 1.2201, 1.2225 and 1.2240. Hourly Moving Averages are mixed, with the 200SMA at 1.2208 and the daily 20EMA at 1.2205. Hourly RSI is bullish at 56