OctaFX | OctaFX Forex Broker
Best Forex
broker 2019
Open account Sign in
    OctaFX | OctaFX Forex Broker
    Sign in
      Open account

      EUR/CHF is above 1.2100 and has nowhere to hurry

      FXStreet (Moscow) - EUR/CHF has had enough of vigorous movements; the cross has returned to its usual slow ways, consolidating in a 3-pip range.

      EUR/CHF prefers the safety of old range

      Clearly, EUR/CHF traders felt that SNB was watching them and got scared. Thankfully, geopolitical risks subsided and allowed investors to cover their risk aversive positions. Without any significant macroeconomic publications out of Switzerland, CHF traders may take lead from EUR sentiments and technical factors. From the fundamental point of view, Eurozone current account data may be of interest. It may show nsa surplus growth due to portfolio inflows during the reporting period. Though this report usually doesn't have much market moving potential, great deviations from forecast (+14.0B is expected) may trigger a short-term EUR volatility. Technically, keep an eye at 1.2130 on the upside and 1.2100 on the downside.

      What are today’s key EUR/CHF levels?

      Today's central pivot point can be found at 1.2108, with support below at 1.2098, 1.2082 and 1.2072 with resistance above at 1.2124, 1.2134 and 1.2150. Hourly Moving Averages are bearish, with the 200SMA bearish at 1.2129 and the daily 20EMA bearish at 1.2139. Hourly RSI is bullish at 60.

      AUD/USD upside is losing momentum

      AUD/USD is trading just under the support area of 0.9345/50 after starting the day at 0.9324; Aussie needs fresh stimulus to continue the upside.
      Read more Previous

      Japan Machine Tool Orders (YoY): 37.7% vs 34.1%

      Read more Next
      Start livechat