26 Mar 2014
EUR/CHF is on the way to February highs
FXStreet (Moscow) - EUR/CHF spent the morning in quiet consolidation around 1.22 area, but woke up and rose in Europe reaching 5-week high at 1.2228 by the moment.
EUR/CHF may have a turn around
The pair is on the rise targeting February highs in 1.2260 area, and may succeed if 1.2240 area of resistance is broken. Nevertheless, the euro potential is limited by recent comments from the ECB officials scared to see slowing growth in the region due to appreciating national currency. If we get another series of comments of that kind, the pair may reverse the move and target at recent lows around 1.2165 area.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2201, with support below at 1.2184(S1), 1.2164 (S2) and 1.2146 (S3), with resistance above at 1.2222 (R1), 1.2240(R2(, and 1.2260 (R3). Hourly Moving Averages are bullish, with the 200SMA at 1.2170 and the daily 20EMA flat at 1.2180. Hourly RSI is neutral at 61.
EUR/CHF may have a turn around
The pair is on the rise targeting February highs in 1.2260 area, and may succeed if 1.2240 area of resistance is broken. Nevertheless, the euro potential is limited by recent comments from the ECB officials scared to see slowing growth in the region due to appreciating national currency. If we get another series of comments of that kind, the pair may reverse the move and target at recent lows around 1.2165 area.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2201, with support below at 1.2184(S1), 1.2164 (S2) and 1.2146 (S3), with resistance above at 1.2222 (R1), 1.2240(R2(, and 1.2260 (R3). Hourly Moving Averages are bullish, with the 200SMA at 1.2170 and the daily 20EMA flat at 1.2180. Hourly RSI is neutral at 61.