14 Apr 2014
EUR/CHF is rangebound close to Asian lows
FXStreet (Moscow) - EUR/CHF stays close to intraday lows at 1.2141 after gapping lower at the opening
EUR/CHF is on the trip to the South
EUR/CHF dropped to the mid-March lows early on Monday due to EUR selling across the board following the verbal intervention from Draghi on weekend. The cross touched the lows at 1.2140 though investors might be jittery to push it much lower as SNB's Jordan is on the watch. The head of the Swiss central bank say that the regulator will defend swiss franc cap and will not hesitate to take actions to maintain adequate monetary conditions. The closes support comes at 1.2140/35 area followed by 1.2100. The resistance is seen at 1.2160.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2165, with support below at 1.2150, 1.2135 and 1.2120 with resistance above at 1.2180, 1.2195 and 1.2210. Hourly Moving Averages are bearish, with the 200SMA at 1.2196 and the daily 20EMA at 1.2188. Hourly RSI is bearish at 33.
EUR/CHF is on the trip to the South
EUR/CHF dropped to the mid-March lows early on Monday due to EUR selling across the board following the verbal intervention from Draghi on weekend. The cross touched the lows at 1.2140 though investors might be jittery to push it much lower as SNB's Jordan is on the watch. The head of the Swiss central bank say that the regulator will defend swiss franc cap and will not hesitate to take actions to maintain adequate monetary conditions. The closes support comes at 1.2140/35 area followed by 1.2100. The resistance is seen at 1.2160.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2165, with support below at 1.2150, 1.2135 and 1.2120 with resistance above at 1.2180, 1.2195 and 1.2210. Hourly Moving Averages are bearish, with the 200SMA at 1.2196 and the daily 20EMA at 1.2188. Hourly RSI is bearish at 33.