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1 Aug 2014
EUR/CHF is no ready to go at 1.2200 yet
FXStreet (Moscow) - EUR/CHF is trying to recover from the Asian low of 1.2163, but managed only 5 pips so far.
EUR/CHF are not that strong after all
EUR/CHF bulls got tired on Thursday and failed to break through another resistance level at 1.2170. No wonder as it is technically strong and protected by strong offers on approach. The cross dipped to 1.2159 yesterday, but managed to recover by the end of the day. Now EUR/CHF is trading marginally below 1.2170 resistance and waiting for new triggers. Later during the day European PMI reports are published, though they are unlikely to change the situation in the cross. Keep an eye on EUR/USD reaction to US Non Farm Payrolls data as it may influence the cross dynamics.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2169, with support below at 1.2160, 1.2152 and 1.2143 with resistance above at 1.2177, 1.2186 and 1.2194. Hourly Moving Averages are bullish, with the 200SMA bullish at 1.2156 and the daily 20EMA bullish at 1.2157. Hourly RSI is bullish at 56.
EUR/CHF are not that strong after all
EUR/CHF bulls got tired on Thursday and failed to break through another resistance level at 1.2170. No wonder as it is technically strong and protected by strong offers on approach. The cross dipped to 1.2159 yesterday, but managed to recover by the end of the day. Now EUR/CHF is trading marginally below 1.2170 resistance and waiting for new triggers. Later during the day European PMI reports are published, though they are unlikely to change the situation in the cross. Keep an eye on EUR/USD reaction to US Non Farm Payrolls data as it may influence the cross dynamics.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2169, with support below at 1.2160, 1.2152 and 1.2143 with resistance above at 1.2177, 1.2186 and 1.2194. Hourly Moving Averages are bullish, with the 200SMA bullish at 1.2156 and the daily 20EMA bullish at 1.2157. Hourly RSI is bullish at 56.