14 Oct 2014
EUR/CHF sleeping in a range ahead of Swiss inflation numbers
FXStreet (Moscow) - EUR/CHF settled at 1.2187 after having touched the Asian low at 1.2082; the cross is squeezed in a tight range ahead of European opening
EUR/CHF touched 1.2074 low on Monday on the back of rising anti-risk sentiments. The pair managed to recover towards 1.2188 by the end of the day, but it remains vulnerable to losses. Swiss producer price index is published at the beginning of the European session. It is well known that the Swiss economy is threatened by deflation. Most likely today’s repot will confirm the increased downside pricing pressure Though in terms of EUR/CHF movement, this report may be overshadowed by EZ inflation data.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2086, with support below at 1.2076, 1.2066 and 1.2055 with resistance above at 1.2097, 1.2107 and 1.2118. Hourly Moving Averages are mixed, with the 200SMA bearish at 1.2103 and the daily 20EMA flat at 1.2093. Hourly RSI is bullish at 53
EUR/CHF touched 1.2074 low on Monday on the back of rising anti-risk sentiments. The pair managed to recover towards 1.2188 by the end of the day, but it remains vulnerable to losses. Swiss producer price index is published at the beginning of the European session. It is well known that the Swiss economy is threatened by deflation. Most likely today’s repot will confirm the increased downside pricing pressure Though in terms of EUR/CHF movement, this report may be overshadowed by EZ inflation data.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2086, with support below at 1.2076, 1.2066 and 1.2055 with resistance above at 1.2097, 1.2107 and 1.2118. Hourly Moving Averages are mixed, with the 200SMA bearish at 1.2103 and the daily 20EMA flat at 1.2093. Hourly RSI is bullish at 53