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16 Apr 2014
EUR/CHF bulls try to claw back losses
FXStreet (Moscow) - EUR/CHF is growing steadily: the cross moved from the Asian lows at 1.2155 and reached current highs at 1.2166.
Swissy wants to return to 1.2200
EUR/CHF is climbing slowly. The cross took off from the weekly low at 1.2140 and reached current highs at 1.2163. The progress is not spectacular, but this is the main feature of EUR/CHF: it is rarely in a hurry. Today we are waiting for Eurozone inflation numbers and for Zew survey expectations in Switzerland. EZ data will be more influential as markets are eager to know whether the inflation bottomed out, or deflation still threatens the economy of the currency union. The key resistance zone is 1.2180. This level is likely to limit the upside today. The support is seen at 1.2140.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2158, with support below at 1.2149, 1.2138 and 1.2129 with resistance above at 1.2169, 1.2178 and 1.2189. Hourly Moving Averages are mostly bullish, with the 200SMA at 1.21986 and the daily 20EMA at 1.2183. Hourly RSI is bullish at 61.
Swissy wants to return to 1.2200
EUR/CHF is climbing slowly. The cross took off from the weekly low at 1.2140 and reached current highs at 1.2163. The progress is not spectacular, but this is the main feature of EUR/CHF: it is rarely in a hurry. Today we are waiting for Eurozone inflation numbers and for Zew survey expectations in Switzerland. EZ data will be more influential as markets are eager to know whether the inflation bottomed out, or deflation still threatens the economy of the currency union. The key resistance zone is 1.2180. This level is likely to limit the upside today. The support is seen at 1.2140.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2158, with support below at 1.2149, 1.2138 and 1.2129 with resistance above at 1.2169, 1.2178 and 1.2189. Hourly Moving Averages are mostly bullish, with the 200SMA at 1.21986 and the daily 20EMA at 1.2183. Hourly RSI is bullish at 61.