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31 Mar 2014
EUR/CHF is still in love with 1.2200
FXStreet (Moscow) - EUR/CHF keeps close to 1.2200 level as investors prefer to stay away from the market before key economic releases.
EUR/CHF is glued to 1.2200
KOF economic barometer and SNB balance of payment reports are out today during European hours. They are interesting from the fundamental point of view as KOF indicators help to assess the conditions in different sectors of economy and see the weak spots before they turn into a real problem. But, frankly speaking, Swiss macro statistics is the somewhere close to the end of the investors watch list now, as they are preoccupied with geopolitical risks and possible SNB interventions against CHF strengthening. This is partially the reason why the Swiss currency is so stubbornly returns to 1.2200. The upside today is likely to be limited by 1.2230, while the support is seen at 1.2170.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2193, with support below at 1.2181, 1.2167 and 1.2155 with resistance above at 1.2207, 1.2219 and 1.2233. Hourly Moving Averages are neutral, with the 200SMA at 1.2188 and the daily 20EMA at 1.2184. Hourly RSI is neutral at 52.
EUR/CHF is glued to 1.2200
KOF economic barometer and SNB balance of payment reports are out today during European hours. They are interesting from the fundamental point of view as KOF indicators help to assess the conditions in different sectors of economy and see the weak spots before they turn into a real problem. But, frankly speaking, Swiss macro statistics is the somewhere close to the end of the investors watch list now, as they are preoccupied with geopolitical risks and possible SNB interventions against CHF strengthening. This is partially the reason why the Swiss currency is so stubbornly returns to 1.2200. The upside today is likely to be limited by 1.2230, while the support is seen at 1.2170.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2193, with support below at 1.2181, 1.2167 and 1.2155 with resistance above at 1.2207, 1.2219 and 1.2233. Hourly Moving Averages are neutral, with the 200SMA at 1.2188 and the daily 20EMA at 1.2184. Hourly RSI is neutral at 52.