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15 May 2014
EUR/CHF is sidelined at 1.2200
FXStreet (Moscow) - EUR/CHF has settled at 1.2200 and doesn’t want to go anywhere from here.
Glued to 1.2200 forever
EUR/CHF finished Wednesday right at 1.2200 - it’s a cursed level for the cross as it cannot move too far away from it since the start of the year. Current low of 2014 was set on March 3, at 1.2101. Since then the cross tries hard to recover. The higher lows on weekly chart suggest that the cross has bottomed out, but it moves painfully slowly, so we may spend another couple of weeks around 1.2200. On the intraday basis, don’t miss EZ GDP and inflation numbers and keep your eyes peeled for European stock market developments.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2209, with support below at 1.2197, 1.2180 and 1.2168 with resistance above at 1.2226, 1.2238 and 1.2255. Hourly Moving Averages are mostly bullish, with the 200SMA at 1.2190 and the daily 20EMA at 1.2193. Hourly RSI is bullish at 52
Glued to 1.2200 forever
EUR/CHF finished Wednesday right at 1.2200 - it’s a cursed level for the cross as it cannot move too far away from it since the start of the year. Current low of 2014 was set on March 3, at 1.2101. Since then the cross tries hard to recover. The higher lows on weekly chart suggest that the cross has bottomed out, but it moves painfully slowly, so we may spend another couple of weeks around 1.2200. On the intraday basis, don’t miss EZ GDP and inflation numbers and keep your eyes peeled for European stock market developments.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2209, with support below at 1.2197, 1.2180 and 1.2168 with resistance above at 1.2226, 1.2238 and 1.2255. Hourly Moving Averages are mostly bullish, with the 200SMA at 1.2190 and the daily 20EMA at 1.2193. Hourly RSI is bullish at 52