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22 Apr 2014
EUR/CHF is glued to opening level of 1.2207
FXStreet (Moscow) - EUR/CHF is unchanged on the day at 1.2207, having previously posted a daily high at 1.2212 and a low at 1.2203.
In the middle of nowhere
EUR/CHF closed Monday marginally above 1.2200 and even reached head spinning 1.2212 early on Tuesday, but the bullish momentum is still weak and we need to see general improvement in EUR sentiments before we may hope for a substantial upside movement. EZ Consumer confidence index published later today may provide some food for thought, but its market moving potential is rather low. Watch for European stock market developments as bearish dynamic might spur demand for safe-heaven CHF. The support is seen at 1.2190 and followed by 1.2170, while resistance lies at 1.2220
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2204, with support below at 1.2197, 1.2186 and 1.2186 with resistance above at1.2215, 1.2222 and 1.2233. Hourly Moving Averages are mostly bullish, with the 200SMA at 1.2177 and the daily 20EMA at 1.2188. Hourly RSI is bullish at 56.
In the middle of nowhere
EUR/CHF closed Monday marginally above 1.2200 and even reached head spinning 1.2212 early on Tuesday, but the bullish momentum is still weak and we need to see general improvement in EUR sentiments before we may hope for a substantial upside movement. EZ Consumer confidence index published later today may provide some food for thought, but its market moving potential is rather low. Watch for European stock market developments as bearish dynamic might spur demand for safe-heaven CHF. The support is seen at 1.2190 and followed by 1.2170, while resistance lies at 1.2220
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2204, with support below at 1.2197, 1.2186 and 1.2186 with resistance above at1.2215, 1.2222 and 1.2233. Hourly Moving Averages are mostly bullish, with the 200SMA at 1.2177 and the daily 20EMA at 1.2188. Hourly RSI is bullish at 56.