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EUR/CHF attacking 1.2100 resistance

FXStreet (Moscow) - EUR/CHF is desperate to return to the area above 0.2100; the cross touched the Asian high at 1.2103, but quickly retraced below the above said pivot to 1.2095.

1.2100 is taken out, what next?

Friday will make it into history as EUR/CHF broke below 1.2100 and touched the low at 1.2086 - for the first time since the beginning of 2013. Anti-risk sentiments triggered by dangerous developments of Russian-Ukrainian conflict push the Swiss currency higher across the board as investors were eager to hide their assets in a safe place just in case. EUR/CHF is getting closer to the SNB pain threshold set at 1.2000, thus further way to the downside is going to be hard and thorny. The cross might reverse the losses and even return to the area above 1.2100 as there are sighs of easing tensions on Russian-Ukrainian border. Though we need to see a sustained break above 1.2130 to calm down fears about SNB imminent interventions. Monday close below 1.2100 might darken shot-term perspectives of the cross.


What are today’s key EUR/CHF levels?

Today's central pivot point can be found at 1.2101, with support below at 1.2080, 1.2065 and 1.2044 with resistance above at 1.2116, 1.2137 and 1.2152. Hourly Moving Averages are bearish, with the 200SMA bearish at 1.2135 and the daily 20EMA bearish at 1.2141. Hourly RSI is bearish at 33

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