28 May 2014
EUR/CHF consolidates gains on approach to 1.2230 resistance
FXStreet (Moscow) - EUR/CHF bulls are eager to nail down yesterday’s success and push the cross to the resistance of 1.2230; currently the cross is trading at 1.2226.
Do bullish dreams come true?
EUR/CHF bulls did a good job on Tuesday as the cross stopped within a couple of pips from the important resistance of 1.2230. Positive european stock market developments helped to easy safe-heaven demand for Swissy and pushed EUR/CHF higher. Today the upside may continue, though 1.2230 level might be a tough nut to crack. Strong offers mixed with stoops around this level could trigger the downside correction that is likely to be limited by 1.2210/00 support.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2221, with support below at 1.2213, 1.2198 and 1.2190 with resistance above at 1.2236, 1.2224 and 1.2259. Hourly Moving Averages are mostly bullish, with the 200SMA at 1.2218 and the daily 20EMA at 1.2209. Hourly RSI is bullish at 62
Do bullish dreams come true?
EUR/CHF bulls did a good job on Tuesday as the cross stopped within a couple of pips from the important resistance of 1.2230. Positive european stock market developments helped to easy safe-heaven demand for Swissy and pushed EUR/CHF higher. Today the upside may continue, though 1.2230 level might be a tough nut to crack. Strong offers mixed with stoops around this level could trigger the downside correction that is likely to be limited by 1.2210/00 support.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2221, with support below at 1.2213, 1.2198 and 1.2190 with resistance above at 1.2236, 1.2224 and 1.2259. Hourly Moving Averages are mostly bullish, with the 200SMA at 1.2218 and the daily 20EMA at 1.2209. Hourly RSI is bullish at 62