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EUR/CHF is hammered down by US airstrikes news

FXStreet (Moscow) - EUR/CHF plunged on a rush to safety and settled around 1.2127, below the short-term support of 1.2130.

It’s a breakthrough time

The key idea behind EUR/CHF is the news about U.S. President Barack Obama authorizing airstrikes in Northern Iraq. As the news hit the wires, all save-heavens went stratospheric, CHF is not an exception here. As long as the cross is trading below the key support of 1.2130, a further downside towards 1.2100 is possible, though sellers should be careful, as EUR/CHF is getting closer to SNB threshold of 1.2000.

What are today’s key EUR/CHF levels?

Today's central pivot point can be found at 1.2147, with support below at 1.2137, 1.2129 and 1.2119 with resistance above at 1.2155, 1.2165 and 1.2173. Hourly Moving Averages are bearish, with the 200SMA bearish at 1.2160 and the daily 20EMA bearish at 1.2156. Hourly RSI is bearish at 29.

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