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11 Jun 2014
EUR/CHF has stopped at 1.2180; any surprises in store?
FXStreet (Moscow) - EUR/CHF has taken a pause after Tuesday’s rush to the downside; the cross consolidates close to its opening level of 1.2180
Breaking the mould
EUR/CHF broke out from the triangle to the downside, which gave the mid-term EUR/CHF bears some kind of advantage. Much gloomier than expected unemployment rate and retail sales report failed to put CHF under pressure as the cross was influenced mainly by EUR sentiments. Positive Swiss stock market dynamics provided additional support to CHF, which is unusual as positive stock market sentiments tend to weaken the Swiss currency. From the technical point of view the nearest support is seen at 1.2170, while the resistance lies at 1.2190/00.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2186, with support below at 1.2173, 1.2165 and 1.2152 with resistance above at 1.2194, 1.2207 and 1.2215. Hourly Moving Averages are mostly bearish, with the 200SMA at 1.2202 and the daily 20EMA at 1.2205. Hourly RSI is bearish at 39
Breaking the mould
EUR/CHF broke out from the triangle to the downside, which gave the mid-term EUR/CHF bears some kind of advantage. Much gloomier than expected unemployment rate and retail sales report failed to put CHF under pressure as the cross was influenced mainly by EUR sentiments. Positive Swiss stock market dynamics provided additional support to CHF, which is unusual as positive stock market sentiments tend to weaken the Swiss currency. From the technical point of view the nearest support is seen at 1.2170, while the resistance lies at 1.2190/00.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2186, with support below at 1.2173, 1.2165 and 1.2152 with resistance above at 1.2194, 1.2207 and 1.2215. Hourly Moving Averages are mostly bearish, with the 200SMA at 1.2202 and the daily 20EMA at 1.2205. Hourly RSI is bearish at 39