9 Apr 2014
EUR/CHF bullish attempts went down the drain
FXStreet (Moscow) - EUR/CHF tried to recover early in Asia, and reached current high at 1.2193, but the bullish momentum faded away and the cross returned to 1.2187.
Swissy is popular again
EUR/CHF touched the low of 1.2179, but the short-term trend from January lows on daily chart is still intact. As the Swiss macroeconomic calendar is barren today, the cross movements will be influenced by euro-related statistics, namely, German trade balance data and ECB’s Coeure comments, and risk sentiments. Negative dynamics of European stock markets might increase the buying pressure on the safe-heaven CHF. The closest support is at Tuesday’s low of 1.2179, followed by 1.2170. The resistance is seen at 1.2190 and 1.2200.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2209, with support below at 1.2187, 1.2172 and 1.2150 with resistance above at 1.2224, 1.2246 and 1.2261. Hourly Moving Averages are mostly bearish, with the 200SMA at 1.2200 and the daily 20EMA at 1.2195. Hourly RSI is bearish at 47.
Swissy is popular again
EUR/CHF touched the low of 1.2179, but the short-term trend from January lows on daily chart is still intact. As the Swiss macroeconomic calendar is barren today, the cross movements will be influenced by euro-related statistics, namely, German trade balance data and ECB’s Coeure comments, and risk sentiments. Negative dynamics of European stock markets might increase the buying pressure on the safe-heaven CHF. The closest support is at Tuesday’s low of 1.2179, followed by 1.2170. The resistance is seen at 1.2190 and 1.2200.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2209, with support below at 1.2187, 1.2172 and 1.2150 with resistance above at 1.2224, 1.2246 and 1.2261. Hourly Moving Averages are mostly bearish, with the 200SMA at 1.2200 and the daily 20EMA at 1.2195. Hourly RSI is bearish at 47.