22 Jul 2014
EUR/CHF makes feeble attempts to recover
FXStreet (Moscow) - EUR/CHF has made a spectacular 4-pip move in Asia, but 1.2150 resistance is still to be reached
That was a good try
EUR/CHF bulls were desperate to settle above 1.2150, but the cross managed to climb only to 1.2153 before European open on Monday and resumed the downside. As long as 1.2130 support remains intact bears cannot claim victory, though they might have a chance for a successful breakthrough in case of further escalation of geopolitical tensions. On the macroeconomic front Swiss trade balance might catch investor’s eye as the report will contain the info as to how CHF exchange rate influence the trade position of the county.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.21347, with support below at 1.2138, 1.2131 and 1.2122 with resistance above at 1.2154, 1.2164 and 1.2170. Hourly Moving Averages are neutral, with the 200SMA neutral at 1.2147 and the daily 20EMA neutralat 1.2154. Hourly RSI is bullish at 54.
That was a good try
EUR/CHF bulls were desperate to settle above 1.2150, but the cross managed to climb only to 1.2153 before European open on Monday and resumed the downside. As long as 1.2130 support remains intact bears cannot claim victory, though they might have a chance for a successful breakthrough in case of further escalation of geopolitical tensions. On the macroeconomic front Swiss trade balance might catch investor’s eye as the report will contain the info as to how CHF exchange rate influence the trade position of the county.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.21347, with support below at 1.2138, 1.2131 and 1.2122 with resistance above at 1.2154, 1.2164 and 1.2170. Hourly Moving Averages are neutral, with the 200SMA neutral at 1.2147 and the daily 20EMA neutralat 1.2154. Hourly RSI is bullish at 54.