15 Jul 2014
EUR/CHF has settled at 1.2145/50 resistance
FXStreet (Moscow) - EUR/CHF consolidates gains around 1.2145/50 resistance level after a bullish run during American hours on Monday.
An odd duck of EUR flock
EUR/CHF is a funny creature. It has a peculiar habit to go against overall EUR trend. Note, how it grew during Asian hours on Monday and started to fall at the European opening, the very moment, other EUR-crosses both woke and went up. Usually we speak about better risk sentiments. Although the cross recovered by the end of the day and finished Monday in a green zone, it still needs to go above 1/2145/50 resistance area to get a chance for further sustained growth at least to 1.2170. Below the this level, the cross is vulnerable to sliding towards the lower side of its recent range (1.2130).
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2144, with support below at 1.2138, 1.2129 and 1.2123 with resistance above at 1.2153, 1.2159 and 1.2168. Hourly Moving Averages are mixed, with the 200SMA at 1.2151 and the daily 20EMA at 1.2159. Hourly RSI is bullish at 57.
An odd duck of EUR flock
EUR/CHF is a funny creature. It has a peculiar habit to go against overall EUR trend. Note, how it grew during Asian hours on Monday and started to fall at the European opening, the very moment, other EUR-crosses both woke and went up. Usually we speak about better risk sentiments. Although the cross recovered by the end of the day and finished Monday in a green zone, it still needs to go above 1/2145/50 resistance area to get a chance for further sustained growth at least to 1.2170. Below the this level, the cross is vulnerable to sliding towards the lower side of its recent range (1.2130).
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2144, with support below at 1.2138, 1.2129 and 1.2123 with resistance above at 1.2153, 1.2159 and 1.2168. Hourly Moving Averages are mixed, with the 200SMA at 1.2151 and the daily 20EMA at 1.2159. Hourly RSI is bullish at 57.