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EUR/CHF drifting lower but still above 1.2100

FXStreet (Moscow) - EUR/CHF moved towards 1.216 after having touched the Asian high at 1.2126; the cross is pressured down due to EUR weakness

Sitting above 1.2100

EUR/CHF reached new high at 1.2138 during European hours on Tuesday, after lower than expected Swiss CPI data. The gains proved to be unsustainable as the cross returned towards 1.2120 by the end of the day and continued to slide in Asia. Anyway, overall sentiments remain positive as long as the pair trades above 1.2110 level. Swiss unemployment data came out in line with expectations at 3.2% and failed to impress the market, while empty EZ calendar leave the pair exposed to technical trading.

What are today’s key EUR/CHF levels?

Today's central pivot point can be found at 1.2122, with support below at 1.2104, 1.2085 and 1.2067 with resistance above at 1.2141, 1.2159 and 1.2178. Hourly Moving Averages are bullish, with the 200SMA bullish at 1.2086 and the daily 20EMA bullish at 1.2089. Hourly RSI is bearish at 45

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