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3 Jun 2014
EUR/CHF is in wait and see mode
FXStreet (Moscow) - EUR/CHF is glued to the opening level of 1.2218 as investors are waiting for EZ inflation data
EUR/CHF is technically trapped
EUR/CHF is now dependent on ECB monetary policy expectations. From the fundamental point of view, the key event relevant to the cross is EZ inflation report as it may trigger a good deal of EUR volatility during European hours. though from the technical point of view the cross is moving within a wedge formation on a daily chart. Currently the key levels for the cross are: 1.2201 on the downside and 1.2222 on the upside. We need to break in either direction to get a clearer technical picture.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2216, with support below at 1.2205, 1.2191 and 1.2180 with resistance above at 1.2230, 1.2241 and 1.2255. Hourly Moving Averages are mostly bullish, with the 200SMA at 1.2212 and the daily 20EMA at 1.2210. Hourly RSI is bullish at 59
EUR/CHF is technically trapped
EUR/CHF is now dependent on ECB monetary policy expectations. From the fundamental point of view, the key event relevant to the cross is EZ inflation report as it may trigger a good deal of EUR volatility during European hours. though from the technical point of view the cross is moving within a wedge formation on a daily chart. Currently the key levels for the cross are: 1.2201 on the downside and 1.2222 on the upside. We need to break in either direction to get a clearer technical picture.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2216, with support below at 1.2205, 1.2191 and 1.2180 with resistance above at 1.2230, 1.2241 and 1.2255. Hourly Moving Averages are mostly bullish, with the 200SMA at 1.2212 and the daily 20EMA at 1.2210. Hourly RSI is bullish at 59