24 Mar 2014
EUR/CHF is on the move; 1.2200 is in sight
FXStreet (Moscow) - EUR/CHF started the day at 1.2170 and moved to the current Asian high at 1.2180; the upside bias is still strong.
Eurozone data is in focus
EUR/CHF started the week with the rush to new highs as the geopolitical storm calmed down and the demand for Swissy abated. Light Swiss calendsr this week makes the cross dependent of the EUR-related data and general risk sentiments. Today a host European countries publish flash PMI reports that may increase the market volatility. EUR will be supported across the board is data come out better than expected. From the technical point of view, the EURCHF upside is still limited by 1.2200. This is the key levels for the EUR bulls. They need to break it to brighten the longer-term picture. the nearest support comes at current Asian low of 1.2167 and followed by 1.2150.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2177, with support below at 1.2165, 1.2153 and 1.2141 with resistance above at 1.2189, 1.2201 and 1.2213. Hourly Moving Averages are bullish, with the 200SMA at 1.2162 and the daily 20EMA at 1.2178. Hourly RSI is neutral at 63.
Eurozone data is in focus
EUR/CHF started the week with the rush to new highs as the geopolitical storm calmed down and the demand for Swissy abated. Light Swiss calendsr this week makes the cross dependent of the EUR-related data and general risk sentiments. Today a host European countries publish flash PMI reports that may increase the market volatility. EUR will be supported across the board is data come out better than expected. From the technical point of view, the EURCHF upside is still limited by 1.2200. This is the key levels for the EUR bulls. They need to break it to brighten the longer-term picture. the nearest support comes at current Asian low of 1.2167 and followed by 1.2150.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2177, with support below at 1.2165, 1.2153 and 1.2141 with resistance above at 1.2189, 1.2201 and 1.2213. Hourly Moving Averages are bullish, with the 200SMA at 1.2162 and the daily 20EMA at 1.2178. Hourly RSI is neutral at 63.