EUR/CHF is sidelined at 1.2180 in Asia

FXStreet (Moscow) - EUR/CHF has recovered from the Asian low of 1.2178 and settled at the opening level of 1.2181 during quiet and non-eventful Asian hours

We need SNB to get out of the range

EUR/CHF touched the intraday high at 1.2189 and tried hard to settle above 1.2180 resistance, though it was not an easy task as investors are wary of driving CHF much lower (or higher) ahead of SNB monetary policy decision. Producer and Import Prices came out better than expected and thus partially elevated the downside pressure from CHF. Today’s macroeconomic publications are unlikely to change the general market sentiments Rate differential considerations and risk sentiments remain the key drives for the cross. Keep an eye at 1.2200 on the upside and 1.2170 on the downside.

What are today’s key EUR/CHF levels?

Today's central pivot point can be found at 1.2185, with support below at 1.2174, 1.2165 and 1.2154 with resistance above at 1.2194, 1.2205 and 1.2214. Hourly Moving Averages are mostly neutral, with the 200SMA at 1.2183 and the daily 20EMA at 1.2193. Hourly RSI is bearish at 49