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Forex: EUR/CHF continues to climb off low

By FXstreet.com,  January 16, 2013, 06:43:00 AM EDT

FXstreet.com (Barcelona) - Having crashed to post a morning low of 1.2332, EUR/CHF has since steadily climbed throughout the European session to where it is currently trading at 1.2367.

The pair plummeted this morning to find support just above Classic S1 at 1.2330 and the hourly 55 MA, before bouncing and climbing to post a high at 1.2377. Spot found resistance there at the 20 MA and the daily pivot point at 1.2373 where it is currently trading. RSI is currently ranging at 52. With the European calender complete for the day, focus now falls upon the US where CPI is due at 13:30 GMT and the Fed Beige Book comes out later at 19:00 GMT.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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