27 Mar 2014
EUR/CHF is drawn to 1.2200 like a magnet
FXStreet (Moscow) - EUR/CHF is hesitant at the pivotal level of 1.2200; current Asian high is set at 1.2204
EUR/CHF is still below 1.2200
EUR/CHF spiked to incredible 1.2233, but failed to keep the ground and finished Wednesday in the red zone at 1.2197 on the back go general EUR weakening. The cross is trying to return above 1.200 early on Thursday, though it is not that easy as the CHF is in demand due to heightened geopolitical risks. The rhetoric of the active participants of Russian-Ukrainian conflict is getting tougher, forcing the investors to seek safety in Swissy. The bulls need to settle firmly above 1.2200 to get a chance for success. Once the cross is above that level. the upside may accelerate to Wednesday’s high at 1.2233. The downside is likely to be limited by 1.2180
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2208, with support below at 1.2181, 1.2164 and 1.2137 with resistance above at 1.2225, 1.2252 and 1.2269. Hourly Moving Averages are mixed, with the 200SMA at 1.2178 and the daily 20EMA at 1.2183. Hourly RSI is neutral at 44.
EUR/CHF is still below 1.2200
EUR/CHF spiked to incredible 1.2233, but failed to keep the ground and finished Wednesday in the red zone at 1.2197 on the back go general EUR weakening. The cross is trying to return above 1.200 early on Thursday, though it is not that easy as the CHF is in demand due to heightened geopolitical risks. The rhetoric of the active participants of Russian-Ukrainian conflict is getting tougher, forcing the investors to seek safety in Swissy. The bulls need to settle firmly above 1.2200 to get a chance for success. Once the cross is above that level. the upside may accelerate to Wednesday’s high at 1.2233. The downside is likely to be limited by 1.2180
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2208, with support below at 1.2181, 1.2164 and 1.2137 with resistance above at 1.2225, 1.2252 and 1.2269. Hourly Moving Averages are mixed, with the 200SMA at 1.2178 and the daily 20EMA at 1.2183. Hourly RSI is neutral at 44.