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5 Jun 2014
EUR/CHF stalled below 1.2200
FXStreet (Moscow) - EUR/CHF tried to break above 1.2200, but the bullish movement was not sustained and the cross returned to 1.2197
Things arent moving
EUR/CHF dipped below 1.2200 and touched the low of 1.2191 on Wednesday. The cross is out if the Wedge formation, though the breakout is still to be confirmed. From the fundamental point of view, the cross might be torn apart as more stimulus from ECB might potentially trigger SNB reaction. If EUR/CHF manages to climb above 1.2210 resistance on the back of less dovish ECB, the bulls all get another chance to win the battle. On the other hand, a dip below 1.2180 will be a clear bearish sign
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2206, with support below at 1.2188, 1.2174 and 1.2156 with resistance above at 1.2220, 1.2238 and 1.2252. Hourly Moving Averages are mostly bearish, with the 200SMA at 1.2214 and the daily 20EMA at 1.2210. Hourly RSI is bearish at 37
Things arent moving
EUR/CHF dipped below 1.2200 and touched the low of 1.2191 on Wednesday. The cross is out if the Wedge formation, though the breakout is still to be confirmed. From the fundamental point of view, the cross might be torn apart as more stimulus from ECB might potentially trigger SNB reaction. If EUR/CHF manages to climb above 1.2210 resistance on the back of less dovish ECB, the bulls all get another chance to win the battle. On the other hand, a dip below 1.2180 will be a clear bearish sign
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2206, with support below at 1.2188, 1.2174 and 1.2156 with resistance above at 1.2220, 1.2238 and 1.2252. Hourly Moving Averages are mostly bearish, with the 200SMA at 1.2214 and the daily 20EMA at 1.2210. Hourly RSI is bearish at 37