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17 Mar 2014
EUR/CHF rebounds from current lows at 1.2145
FXStreet (Moscow) - EUR/CHF is above 1h 50 EMA at 1.2140, but the upside momentum is fading away
Swissy is risk dependent
Swissy macroeconomic calendar is nest to barren this week. The SNB monetary policy decision is the only notable domestic event, so the cross movements are likely to be driven by risk sentiments and EUR-related events. The EZ Consumer Price Index, published later today, may trigger EUR selling across the board, if the numbers come out lower than expected and the deflation threat becomes more obvious. While the safe-heaven demand for CHF will increase the downside reps sure on the cross. The first resistance comes at 1.2150 and followed by 1.2170. While the resistance is seen at 1.2130. If it is broken, the upside will accelerate to 1.2110/00.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2135, with support below at 1.2124, 1.2110 and 1.2099 with resistance above at 1.2149, 1.2160 and 1.2174. Hourly Moving Averages are mostly bearish, with the 200SMA at 1.2172 and the daily 20EMA at 1.2180. Hourly RSI is neutral at 55.
Swissy is risk dependent
Swissy macroeconomic calendar is nest to barren this week. The SNB monetary policy decision is the only notable domestic event, so the cross movements are likely to be driven by risk sentiments and EUR-related events. The EZ Consumer Price Index, published later today, may trigger EUR selling across the board, if the numbers come out lower than expected and the deflation threat becomes more obvious. While the safe-heaven demand for CHF will increase the downside reps sure on the cross. The first resistance comes at 1.2150 and followed by 1.2170. While the resistance is seen at 1.2130. If it is broken, the upside will accelerate to 1.2110/00.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2135, with support below at 1.2124, 1.2110 and 1.2099 with resistance above at 1.2149, 1.2160 and 1.2174. Hourly Moving Averages are mostly bearish, with the 200SMA at 1.2172 and the daily 20EMA at 1.2180. Hourly RSI is neutral at 55.