28 Jul 2014
EUR/CHF pokes at 1.2150 resistance area
FXStreet (Moscow) - EUR/CHF started the week with bullish attempts at 1.2150/55 resistance area. Good try, but it is still to early to cry victory.
It feels like range and it looks like range
EUR/CHF finished the second bullish week in a row, but in the longer-term perspective it is still sitting in a range. CHF has been under selling pressure lately as risk sentiments improved even despite persistent geopolitical tensions. Today’s calendar is next to empty, it means that another boring day in a range is in store for us. Keep an eye at 1.2130 as this level is likely to limit the downside, while the resistance is spotted at 1.2150/55 area.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2152, with support below at 1.2145, 1.2137 and 1.2130 with resistance above at 1.2160, 1.2167 and 1.2175. Hourly Moving Averages are mixed, with the 200SMA bullish at 1.2149 and the daily 20EMA neutral at 1.2153. Hourly RSI is bullish at 58.
It feels like range and it looks like range
EUR/CHF finished the second bullish week in a row, but in the longer-term perspective it is still sitting in a range. CHF has been under selling pressure lately as risk sentiments improved even despite persistent geopolitical tensions. Today’s calendar is next to empty, it means that another boring day in a range is in store for us. Keep an eye at 1.2130 as this level is likely to limit the downside, while the resistance is spotted at 1.2150/55 area.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2152, with support below at 1.2145, 1.2137 and 1.2130 with resistance above at 1.2160, 1.2167 and 1.2175. Hourly Moving Averages are mixed, with the 200SMA bullish at 1.2149 and the daily 20EMA neutral at 1.2153. Hourly RSI is bullish at 58.