6 May 2014
EUR/CHF is sitting at 1.2178, close to the open in level
FXStreet (Moscow) - EUR/CHF is consolidating close to the opening level with light bullish bias
Rebounded, but 1.2200 is still far away
EUR/CHF staged a feeble recovery on Monday. The cross finished the first trading day of the week marginally higher after setting new monthly low at 1.2168. EUR/CHF is expected to keep up its rangebound ways as markets are jittery ahead of ECB meeting scheduled on Thursday. Geopolitical situation is also among the risk factors, as weak European stock market opening caused by escalation of Ukrainian crisis might get CHF supported across the board. Anyway, the intraday upside is likely to be limited by 1.2180/90, while the downside will be stopped at 1.2168.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2178, with support below at 1.2170, 1.2162 and 1.2154 with resistance above at 1.2186, 1.2194 and 1.2202. Hourly Moving Averages are mostly bearish, with the 200SMA at 1.2194 and the daily 20EMA at 1.2192. Hourly RSI is bearish at 45
Rebounded, but 1.2200 is still far away
EUR/CHF staged a feeble recovery on Monday. The cross finished the first trading day of the week marginally higher after setting new monthly low at 1.2168. EUR/CHF is expected to keep up its rangebound ways as markets are jittery ahead of ECB meeting scheduled on Thursday. Geopolitical situation is also among the risk factors, as weak European stock market opening caused by escalation of Ukrainian crisis might get CHF supported across the board. Anyway, the intraday upside is likely to be limited by 1.2180/90, while the downside will be stopped at 1.2168.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2178, with support below at 1.2170, 1.2162 and 1.2154 with resistance above at 1.2186, 1.2194 and 1.2202. Hourly Moving Averages are mostly bearish, with the 200SMA at 1.2194 and the daily 20EMA at 1.2192. Hourly RSI is bearish at 45