10 Jul 2014
EUR/CHF is bogged down at 1.2150
FXStreet (Moscow) - EUR/CHF is sitting in a maddening 3-pips range, limited by 1.2153 on the upside and 1.2150 on the downside in Asia/
Rage inside the range
It seems that EUR/CHF is in no mood to go far away from 1.2150 pivot as it has been consolidating around this level for the third day in a row. EUR/USD recovery attempts were lost upon the cross as it lives by its own rules. European stocks finished Wednesday nearly unchanged, which left stock-dependent Swissy clueless. Today the situation is going to be much the same as there are little fundamental reports scheduled for today that have a potential to become a trigger for EUR/CHF. The cross is likely to be locked in a narrow range limited by 1.2160/70 on the upside and 1.2130 on the downside
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2155, with support below at 1.2150, 1.2145 and 1.2140 with resistance above at 1.2160, 1.2165 and 1.2170. Hourly Moving Averages are mostly neutral, with the 200SMA at 1.2151 and the daily 20EMA at 1.2164. Hourly RSI is bearish at 46.
Rage inside the range
It seems that EUR/CHF is in no mood to go far away from 1.2150 pivot as it has been consolidating around this level for the third day in a row. EUR/USD recovery attempts were lost upon the cross as it lives by its own rules. European stocks finished Wednesday nearly unchanged, which left stock-dependent Swissy clueless. Today the situation is going to be much the same as there are little fundamental reports scheduled for today that have a potential to become a trigger for EUR/CHF. The cross is likely to be locked in a narrow range limited by 1.2160/70 on the upside and 1.2130 on the downside
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2155, with support below at 1.2150, 1.2145 and 1.2140 with resistance above at 1.2160, 1.2165 and 1.2170. Hourly Moving Averages are mostly neutral, with the 200SMA at 1.2151 and the daily 20EMA at 1.2164. Hourly RSI is bearish at 46.