7 Jun 2013
EUR/CHF spikes post NFPs
FXstreet.com (Barcelona) - After a morning where trading has largely ranged, EUR/CHF has spiked close to 50 pips following today´s better than expected NFP numbers.
EUR/CHF jumps on 50 pips on better NFP numbers
Today´s NFP numbers came in 175K against expectations of 170K, alongside a slightly worse Unemployment print, causing spot to jump and post a daily high in the immediate aftermath. lsewhere, the Canadian Net Change in Employment came in at 95k against expectations of 15k and Unemployment declined marginally to 7.1%. EUR/CHF is currently trading at 1.2329, up 0.18% on the days trading.
EUR/CHF Technicals approach near term overbought
Hourly technicals are showing Stochastics ranging approaching overbought territory at 73.94, with RSI finding a touch of resistance at 64.37 after a sharp move higher. Hourly MA´s, both long and short term are showing a continuation of downside momentum however for now. Daily support below can be seen at Pivot at 1.2323 and S1 at 1.2256. Ahead resistance can be found at R1 at 1.2375 and the R2 at 1.2442.
EUR/CHF jumps on 50 pips on better NFP numbers
Today´s NFP numbers came in 175K against expectations of 170K, alongside a slightly worse Unemployment print, causing spot to jump and post a daily high in the immediate aftermath. lsewhere, the Canadian Net Change in Employment came in at 95k against expectations of 15k and Unemployment declined marginally to 7.1%. EUR/CHF is currently trading at 1.2329, up 0.18% on the days trading.
EUR/CHF Technicals approach near term overbought
Hourly technicals are showing Stochastics ranging approaching overbought territory at 73.94, with RSI finding a touch of resistance at 64.37 after a sharp move higher. Hourly MA´s, both long and short term are showing a continuation of downside momentum however for now. Daily support below can be seen at Pivot at 1.2323 and S1 at 1.2256. Ahead resistance can be found at R1 at 1.2375 and the R2 at 1.2442.