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27 May 2014
EUR/CHF rushed higher early on Tuesday
FXStreet (Moscow) - EUR/CHF rushed to 1.2214 after opening at 1.2206 in Asia as risk aversive mood has waned.
Will the bulls keep the control?
EUR/CHF has confirmed its bullish bias by settling above 1.2200. On a shorter term scale, positive export/import reports might push the Swiss currency higher across the board. In this case the first support for EUR/CHF is seen at 1.2200 and followed by 1.2190. On the other hand, European stock indices are seen extending gains in Tuesday’s session, which may put a lid on CHF upside due to improved risk sentiments.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2210, with support below at 1.2212, 1.2213 and 1.2215 with resistance above at 1.2216, 1.2224 and 1.2230. Hourly Moving Averages are mostly bullish, with the 200SMA at 1.2216 and the daily 20EMA at 1.2207. Hourly RSI is bullish at 59
Will the bulls keep the control?
EUR/CHF has confirmed its bullish bias by settling above 1.2200. On a shorter term scale, positive export/import reports might push the Swiss currency higher across the board. In this case the first support for EUR/CHF is seen at 1.2200 and followed by 1.2190. On the other hand, European stock indices are seen extending gains in Tuesday’s session, which may put a lid on CHF upside due to improved risk sentiments.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2210, with support below at 1.2212, 1.2213 and 1.2215 with resistance above at 1.2216, 1.2224 and 1.2230. Hourly Moving Averages are mostly bullish, with the 200SMA at 1.2216 and the daily 20EMA at 1.2207. Hourly RSI is bullish at 59