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FXStreet (Moscow) - EUR/CHF returned to the resistance of 1.2200 after reaching the intraday low at 1.2192
Back to the drawing board
EUR/CHF had another positive day and managed to close right at the pivotal level of 1.2200. Now it is going to spend some time getting ready for the breakout. The cross needs a good reason to get higher but don’t hope to get it today. The market has went into hibernation and won’t wake up until Tuesday. From the technical point of view, the closest support comes at 1.2180. It is going to limit the downside today. Should the cross manage to climb above 1.2200, the next resistance at 1.2220 will come into sight
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2192, with support below at 1.2176, 1.2153 and 1.2137 with resistance above at 1.2215, 1.2231 and 1.2254. Hourly Moving Averages are bullish, with the 200SMA at 1.2176 and the daily 20EMA at 1.2184. Hourly RSI is bullish at 67.
18 Apr 2014
EUR/CHF is back to 1.2200
FXStreet (Moscow) - EUR/CHF returned to the resistance of 1.2200 after reaching the intraday low at 1.2192
Back to the drawing board
EUR/CHF had another positive day and managed to close right at the pivotal level of 1.2200. Now it is going to spend some time getting ready for the breakout. The cross needs a good reason to get higher but don’t hope to get it today. The market has went into hibernation and won’t wake up until Tuesday. From the technical point of view, the closest support comes at 1.2180. It is going to limit the downside today. Should the cross manage to climb above 1.2200, the next resistance at 1.2220 will come into sight
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2192, with support below at 1.2176, 1.2153 and 1.2137 with resistance above at 1.2215, 1.2231 and 1.2254. Hourly Moving Averages are bullish, with the 200SMA at 1.2176 and the daily 20EMA at 1.2184. Hourly RSI is bullish at 67.