10 Feb 2014
EUR/CHF is a prisoner of a tight range in Asia
FXStreet (Moscow) - It looks like EUR/CHF traders haven’t woken up yet as the cross opened at 1.2234 and managed a ten-pip ride higher - not too exciting.
EUR/CHF is still susceptible to risk sentiments
EUR/CHF finished Friday in the red zone but continued the string of higher daily lows which is supposed to be a mildly bullish factor. Pretty volatile EUR reaction to the notorious American Non-Farm Payrolls report resulted in a tiny change of EUR/CHF on daily basis. No doubt, US economic health will occupy the heads of the investors especially in the wake of Yellen testimony scheduled for Tuesday. But today’s cross movements may also be influenced by Swiss unemployment rate, which is supposed to grow a bit to 3.6% in January from 3.5% in December. Weaker labor market data is likely to put the CHF under short-term pressure. Risk sentiments is another factor important for Swissy. The market turned a blind eye to the gloomy news from developing markets in the end of last week, but the situation may change if troubling news continue flowing in. Generally, anti-risk sentiments support the Swiss currency and they may help it to live through domestic negative news. The key support levels for today is 1.2230 and 1.2200. The resistance lies at 1.2250 and 1.2270.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2236, with support below at 1.2220, 1.2200 and 1.2184, with resistance above at 1.2256, 1.2272 and 1.2292. Hourly Moving Averages are bullish, with the 200SMA at 1.2232 and the daily 20EMA at 1.2261. Hourly RSI is neutral at 60.
EUR/CHF is still susceptible to risk sentiments
EUR/CHF finished Friday in the red zone but continued the string of higher daily lows which is supposed to be a mildly bullish factor. Pretty volatile EUR reaction to the notorious American Non-Farm Payrolls report resulted in a tiny change of EUR/CHF on daily basis. No doubt, US economic health will occupy the heads of the investors especially in the wake of Yellen testimony scheduled for Tuesday. But today’s cross movements may also be influenced by Swiss unemployment rate, which is supposed to grow a bit to 3.6% in January from 3.5% in December. Weaker labor market data is likely to put the CHF under short-term pressure. Risk sentiments is another factor important for Swissy. The market turned a blind eye to the gloomy news from developing markets in the end of last week, but the situation may change if troubling news continue flowing in. Generally, anti-risk sentiments support the Swiss currency and they may help it to live through domestic negative news. The key support levels for today is 1.2230 and 1.2200. The resistance lies at 1.2250 and 1.2270.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2236, with support below at 1.2220, 1.2200 and 1.2184, with resistance above at 1.2256, 1.2272 and 1.2292. Hourly Moving Averages are bullish, with the 200SMA at 1.2232 and the daily 20EMA at 1.2261. Hourly RSI is neutral at 60.