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EUR/CHF sidelined ahead of SNB's meeting on Thursday

FXStreet (Moscow) - EUR/CHF is growing ahead of European opening; the cross is trading at 1.2092, off the Asian low at 1.2081.

Lots of European statistics - little EUR/CHF movements

EUR/CHF touched the support level of 1.2080 and recovered towards 1.2087 by the end of the day. The cross drifted lower during European hours on weak Eurozone ZEW economic sentiments indices, but the reaction was muted. Swiss ZEW survey published later today is the last important report before the SNB’s meeting, but it is unlikely to become a strong market mover. During NY hours keep your eyes peeled for FOMC decision as it may have knock on effect on the cross. From the technical point of view, the nearest support is seen at 1/2080, while the resistance is spotted at 1.2100.

What are today’s key EUR/CHF levels?

Today's central pivot point can be found at 1.2091, with support below at 1.2074, 1.2061 and 1.2044 with resistance above at 1.2104, 1.2121 and 1.2134. Hourly Moving Averages are mixed, with the 200SMA bullish at 1.2082 and the daily 20EMA flat at 1.2090. Hourly RSI is bullish at 53.

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