16 Jul 2014
EUR/CHF keeps above 1.2150
FXStreet (Moscow) - EUR/CHF consolidates Tuesday’s gains marginally above the resistance of 1.2150
1.22 looms on the horizon
EUR/CHF made another rush higher and even finished Tuesday marginally above the pivotal resistance area of 1.2145/50. As long as the cross stays above this level, bulls have a chance to extend the upside to 1.2170. Credit Suisse ZEW Survey in Switzerland that is published earlier today may show a slight improvement. This news might provide a short-term support for CHF, but it won’t be enough to change technical picture for the cross, that is more dependent to broadband risk sentiments.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2150, with support below at 1.2142, 1.2132 and 1.2124 with resistance above at 1.2160, 1.2168 and 1.2178. Hourly Moving Averages are bullish, with the 200SMA at 1.2152 and the daily 20EMA at 1.2158. Hourly RSI is bullish at 66.
1.22 looms on the horizon
EUR/CHF made another rush higher and even finished Tuesday marginally above the pivotal resistance area of 1.2145/50. As long as the cross stays above this level, bulls have a chance to extend the upside to 1.2170. Credit Suisse ZEW Survey in Switzerland that is published earlier today may show a slight improvement. This news might provide a short-term support for CHF, but it won’t be enough to change technical picture for the cross, that is more dependent to broadband risk sentiments.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2150, with support below at 1.2142, 1.2132 and 1.2124 with resistance above at 1.2160, 1.2168 and 1.2178. Hourly Moving Averages are bullish, with the 200SMA at 1.2152 and the daily 20EMA at 1.2158. Hourly RSI is bullish at 66.