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3 Apr 2014
EUR/CHF is poking at the pivotal level of 1.2200
FXStreet (Moscow) - EUR/CHF bears try to push the cross below 1.2200 ahead of ECB meeting
EUR/CHF waits for ECB at 1.2200
EUR/CHF managed to finish Wednesday right above 1.2200 on the back of better risk sentiments and CHF weakening across the board. Currently the cross is consolidating in a narrow range with light downside bias as the markets are waiting for ECB monetary policy decision. This is a key risk event for all EUR crosses that may trigger a great real of volatility, whatever decision is made. The bull will rejoice if the cross manages to keep above 1.2200 on daily basis, but is the single currency falls under selling pressure during European session, the cross may drop to 1.2170 or even lower to 1.2150.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2199, with support below at 1.2186, 1.2167 and 1.2154 with resistance above at 1.2218, 1.2231 and 1.2250. Hourly Moving Averages are bullish, with the 200SMA at 1.2193 and the daily 20EMA at 1.2186. Hourly RSI is neutral at 59.
EUR/CHF waits for ECB at 1.2200
EUR/CHF managed to finish Wednesday right above 1.2200 on the back of better risk sentiments and CHF weakening across the board. Currently the cross is consolidating in a narrow range with light downside bias as the markets are waiting for ECB monetary policy decision. This is a key risk event for all EUR crosses that may trigger a great real of volatility, whatever decision is made. The bull will rejoice if the cross manages to keep above 1.2200 on daily basis, but is the single currency falls under selling pressure during European session, the cross may drop to 1.2170 or even lower to 1.2150.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2199, with support below at 1.2186, 1.2167 and 1.2154 with resistance above at 1.2218, 1.2231 and 1.2250. Hourly Moving Averages are bullish, with the 200SMA at 1.2193 and the daily 20EMA at 1.2186. Hourly RSI is neutral at 59.