24 Sep 2013
EUR/CHF battling in 1.2290/1.2300 region
FXstreet.com (London) - EUR/CHF has been attempting 1.2300 but without conviction.
EUR/CHF fell through pivotal support at the 200 DMA and 1.2300 on Monday. EURCHF’s cascading move came post yesterday’s August statistical and banking bulleting release from the SNB The pair has regained territory back towards the 1.2300 level, piercing the resistance line but meeting supply back to 1.2285/95 regions. The next level to watch to the downside is the August low at 1.2265 ahead of 1.2217. Meanwhile, a series of poor EZ data keeps the EUR capped across the board.
EUR/CHF Levels
The 20 DMA is 1.2343, the 50 DMA is 1.2340 and the 200 DMA is 1.2302. RSI (14) 47.97. Supports are ascending from 1.2217, 1.2238, and 1.2260. Spot is currently .9080 and .9105. Spot is currently 1.2295 while resistances are 1.2300, 1.2335, 1.2351, 1.2377 and 1.2391.
EUR/CHF fell through pivotal support at the 200 DMA and 1.2300 on Monday. EURCHF’s cascading move came post yesterday’s August statistical and banking bulleting release from the SNB The pair has regained territory back towards the 1.2300 level, piercing the resistance line but meeting supply back to 1.2285/95 regions. The next level to watch to the downside is the August low at 1.2265 ahead of 1.2217. Meanwhile, a series of poor EZ data keeps the EUR capped across the board.
EUR/CHF Levels
The 20 DMA is 1.2343, the 50 DMA is 1.2340 and the 200 DMA is 1.2302. RSI (14) 47.97. Supports are ascending from 1.2217, 1.2238, and 1.2260. Spot is currently .9080 and .9105. Spot is currently 1.2295 while resistances are 1.2300, 1.2335, 1.2351, 1.2377 and 1.2391.