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Happy bullish Monday for EUR/CHF!

FXStreet (Moscow) - EUR/CHF has moved to current highs of 1.2162 in Asia after opening at 1.2157

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Has EUR/CHF bottomed out finally? The cross reverted higher after touching a new multi-month low at 1.2130. On Friday the cross regained the positions lost at the beginning of the week, though 1.2160 area might prove to be tough as it has been tested several times already. EUR/CHF might continue growing during European hours today, if Draghi sounds dovish enough to push European stocks higher, though deeply negative EUR sentiments across the board might put the cross under pressure as well. The key levels to watch on the intraday basis are 1.2170 on the upside, and 1.2150 on the downside.

 What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2158, with support below at 1.2151,  1.2145 and  1.2138 with resistance above at 1.2164, 1.2171 and 1.2177. Hourly Moving Averages are bullish, with the 200SMA at 1.2154 and the daily 20EMA at 1.2167. Hourly RSI is bullish at 57.

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