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30 May 2014
EUR/CHF is hopeless at 1.2210
FXStreet (Moscow) - EUR/CHF is sitting in a narrow range, limited by 1.2215 on the upside and 1.2207 on the downside
Swissy is not ready for decisive movements
Swiss KOF leading indicator might attract market attention today as this report serves as an early sigh of shifts in Swiss business cycles. It is expected to improve slightly and thus to continue a long lasting bullish trend. Positive data is likely to support CHF and put EURCHF under pressure, though pronounced reactions are hardly possibly as the cross is more sensitive to risk sentiments in Europe. From the technical point of view, keep and eye at 1.2200 on the downside and 1.2230 on the upside.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2210, with support below at 1.2204, 1.2193 and 1.2187 with resistance above at 1.2222, 1.2227 and 1.2238. Hourly Moving Averages are mostly bearish, with the 200SMA at 1.2217 and the daily 20EMA at 1.2209. Hourly RSI is bearish at 46
Swissy is not ready for decisive movements
Swiss KOF leading indicator might attract market attention today as this report serves as an early sigh of shifts in Swiss business cycles. It is expected to improve slightly and thus to continue a long lasting bullish trend. Positive data is likely to support CHF and put EURCHF under pressure, though pronounced reactions are hardly possibly as the cross is more sensitive to risk sentiments in Europe. From the technical point of view, keep and eye at 1.2200 on the downside and 1.2230 on the upside.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2210, with support below at 1.2204, 1.2193 and 1.2187 with resistance above at 1.2222, 1.2227 and 1.2238. Hourly Moving Averages are mostly bearish, with the 200SMA at 1.2217 and the daily 20EMA at 1.2209. Hourly RSI is bearish at 46