2 May 2014
EUR/CHF is not ready to go below 1.2190
FXStreet (Moscow) - EUR/CHF is consolidating at the lower band of its current range. 1.2190 support caps the downside
Ready for another assault at 1.2200?
EUR/CHF moved to the lower band of its narrow range at 1.2190 as investors were disappointed by another round of failed attempts to go above 1.2200. Today we are waiting for EZ PMI numbers that may wake up this sleepy cross and push it out of the range. According to the forecasts, the reports will show the improvement in the state of the European economies. Good news will be EUR-positive. US labour market data is another risk event that may produce a knock-on effect on the cross.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2198, with support below at 1.2184, 1.2174 and 1.2160 with resistance above at 1.2208, 1.2222 and 1.2232. Hourly Moving Averages are
bearish, with the 200SMA at 1.2201 and the daily 20EMA at 1.2195. Hourly RSI is bearish at 43
Ready for another assault at 1.2200?
EUR/CHF moved to the lower band of its narrow range at 1.2190 as investors were disappointed by another round of failed attempts to go above 1.2200. Today we are waiting for EZ PMI numbers that may wake up this sleepy cross and push it out of the range. According to the forecasts, the reports will show the improvement in the state of the European economies. Good news will be EUR-positive. US labour market data is another risk event that may produce a knock-on effect on the cross.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2198, with support below at 1.2184, 1.2174 and 1.2160 with resistance above at 1.2208, 1.2222 and 1.2232. Hourly Moving Averages are
bearish, with the 200SMA at 1.2201 and the daily 20EMA at 1.2195. Hourly RSI is bearish at 43