15 Nov 2013
EUR/CHF poised just below weekly high
Having posted a weekly high at 1.2351 this morning, EUR/CHF has gently pulled back to where it is currently trading at 1.2347, up 0.15% on the days trading.
EUR/CHF indifferent to in line EU CPI
EUR/CHF has had an understandably muted reaction to EU CPI data which fell in line with expectations at YoY (Oct) .07%, YoY Cor (Oct) 0.8% and MoM (Oct) -0.1%. With the European docket completed for the week, traders might expect a quiet close to the weeks trading, absent a USD led reaction following this afternoons Import/Export Price and Industrial Production data.
What are today's key EUR/CHF levels and patterns?
The central pivot point is located at 1.2327 and support can be be found at 1.2315 (S1), 1.2300 (S2) and 1.2288 (S3). Above, resistance is found at 1.2342 (R1), 1.2354 (R2) and 1.2369 (R3). Special attention should be paid to the price range 1.2348-1.2314 where several technical levels are clustered today. An hourly Doji, and a daily Piercing Line Candlestick patterns can also be found for the pair.
EUR/CHF indifferent to in line EU CPI
EUR/CHF has had an understandably muted reaction to EU CPI data which fell in line with expectations at YoY (Oct) .07%, YoY Cor (Oct) 0.8% and MoM (Oct) -0.1%. With the European docket completed for the week, traders might expect a quiet close to the weeks trading, absent a USD led reaction following this afternoons Import/Export Price and Industrial Production data.
What are today's key EUR/CHF levels and patterns?
The central pivot point is located at 1.2327 and support can be be found at 1.2315 (S1), 1.2300 (S2) and 1.2288 (S3). Above, resistance is found at 1.2342 (R1), 1.2354 (R2) and 1.2369 (R3). Special attention should be paid to the price range 1.2348-1.2314 where several technical levels are clustered today. An hourly Doji, and a daily Piercing Line Candlestick patterns can also be found for the pair.