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EUR/CHF knocking at 1.2100

FXStreet (Moscow) - EUR/CHF is knocking at 1.2100 resistance; the pair started the day at 0.2093 and reached current Asian high at 1.2103.

In wait and see mode

Doji followed by a big bullish candle on a weekly chart suggest that the cross is on the verge of an upside correction. Though there is a formidable resistance to be broken before the bulls can continue their advance. Swiss Producer and Import Prices published later today are unlikely to trigger substantial market reaction, as investors are focused on SNB interest rate decision to be announced on September 18. This is an important risk event of the week for CHF pairs, thus, the currency is likely to sit quietly in a range, unless unexpected geopolitical tension triggers massive exodus from risk assets. On the intraday basis, keep an eye at the support level of 1.2080. The upside is likely to be limited by 1.2100/03 (Asian high). Once it is broken, 1.2118 (previous week’s high) will come into view.

What are today’s key EUR/CHF levels?

Today's central pivot point can be found at 1.2095, with support below at 1.2086, 1.2072 and 1.2063 with resistance above at 1.2109, 1.2118 and 1.2132. Hourly Moving Averages are mixed, with the 200SMA bullish at 1.2076 and the daily 20EMA flat at 1.2089. Hourly RSI is bullish at 61.

EUR/JPY exploring area below 139.00

EUR/JPY touched the Asian high at 139.17 and returned to 139.00; bears are trying to push the cross below this pivot, but the momentum is not strong enough yet.
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