28 Apr 2014
EUR/CHF tries to return to 1.2200
FXStreet (Moscow) - EUR/CHF has recovered from intraday lows of 1.2187 after opening with the gap lower
CHF needs to think it over
EUR/CHF tries to recover from Friday losses caused by harsh anti-risk sentiments. All major European indices finished the day in the red zone and forced the traders to seek safety in CHF. The cross started the week with the gap lower, but quickly recovered being unable to push below 1.2185 support zone. Swiss calendar is empty today so EUR/CHF will use EZ data and risk factors as drivers for intraday movements. The upside will be limited by 1.2200, while 1.2185 will cap the downside.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2194, with support below at 1.2186, 1.2177 and 1.2169 with resistance above at1.2203, 1.2211 and 1.2220. Hourly Moving Averages are bearish, with the 200SMA at 1.2194 and the daily 20EMA at 1.2193. Hourly RSI is bearish at 45.
CHF needs to think it over
EUR/CHF tries to recover from Friday losses caused by harsh anti-risk sentiments. All major European indices finished the day in the red zone and forced the traders to seek safety in CHF. The cross started the week with the gap lower, but quickly recovered being unable to push below 1.2185 support zone. Swiss calendar is empty today so EUR/CHF will use EZ data and risk factors as drivers for intraday movements. The upside will be limited by 1.2200, while 1.2185 will cap the downside.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2194, with support below at 1.2186, 1.2177 and 1.2169 with resistance above at1.2203, 1.2211 and 1.2220. Hourly Moving Averages are bearish, with the 200SMA at 1.2194 and the daily 20EMA at 1.2193. Hourly RSI is bearish at 45.