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4 Jun 2014
EUR/CHF bulls are determined guys
FXStreet (Moscow) - EUR/CHF opend the day at 1.2213 and climbed to 1.2220 during quiet Asian hours. Bulls are getting ready for a major assault.
More upside may be in store for EUR/CHF
EUR/CHF touched the low of 1.2209 and closed at 1.2212 on Tuesday, but the cross is still moving within the wedge formation on the daily chart. A bullish rebound during early Asian hours on Wednesday supports the idea that EUR/CHF has a good upside potential and may stage bullish breakthrough. The resistance of 1.2222 is still the key for the bulls. A daily close above this level might push the cross to the pivotal level of 1.2230 that was tested several times in May to no success.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2218, with support below at 1.2208, 1.2202 and 1.2192 with resistance above at 1.2224, 1.2234 and 1.2240. Hourly Moving Averages are mostly bullish, with the 200SMA at 1.2214 and the daily 20EMA at 1.2210. Hourly RSI is bullish at 61
More upside may be in store for EUR/CHF
EUR/CHF touched the low of 1.2209 and closed at 1.2212 on Tuesday, but the cross is still moving within the wedge formation on the daily chart. A bullish rebound during early Asian hours on Wednesday supports the idea that EUR/CHF has a good upside potential and may stage bullish breakthrough. The resistance of 1.2222 is still the key for the bulls. A daily close above this level might push the cross to the pivotal level of 1.2230 that was tested several times in May to no success.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2218, with support below at 1.2208, 1.2202 and 1.2192 with resistance above at 1.2224, 1.2234 and 1.2240. Hourly Moving Averages are mostly bullish, with the 200SMA at 1.2214 and the daily 20EMA at 1.2210. Hourly RSI is bullish at 61