Back
3 Jul 2014
EUR/CHF is locked in a range
FXStreet (Moscow) - EUR/CHF is bumping at 1.2140 being unable to leave its maddening range.
Will ECB let us out?
EUR/CHF has been consolidating in a narrow range for a several days after a prolonged period os sustained decline. The cross is likely to continue its slide if the single currency is pressure down on the back of potentially softer ECB stance. Though CHF bulls might become more cautions as the cross is getting closer to the SNB threshold.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2140, with support below at 1.2135, 1.2128 and 1.2123 with resistance above at 1.2147, 1.2152 and 1.2159. Hourly Moving Averages are mostly neutral, with the 200SMA at 1.2157 and the daily 20EMA at 1.2169. Hourly RSI is bullish at 50.
Will ECB let us out?
EUR/CHF has been consolidating in a narrow range for a several days after a prolonged period os sustained decline. The cross is likely to continue its slide if the single currency is pressure down on the back of potentially softer ECB stance. Though CHF bulls might become more cautions as the cross is getting closer to the SNB threshold.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2140, with support below at 1.2135, 1.2128 and 1.2123 with resistance above at 1.2147, 1.2152 and 1.2159. Hourly Moving Averages are mostly neutral, with the 200SMA at 1.2157 and the daily 20EMA at 1.2169. Hourly RSI is bullish at 50.