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22 Apr 2013
Forex: EUR/CHF stalls ahead of 1.2200
FXstreet.com (Córdoba) - In an uneventful session, the euro managed to advance versus the franc and reached a 10-day peak as the Swiss currency weakened across the board.
After sliding to a low of 1.2177, EUR/CHF bounced and reached a high 1.2194 before losing momentum. At time of writing, the cross is trading around 1.2185, where it is just a few pips above its opening price.
As for technical levels, on the upside, next resistances could be found at 1.2200 (Apr 12 high) and 1.2212 (Apr 9 high), while supports are seen at 1.2160 (200-day SMA) and 1.2135 (Apr 16 low).
After sliding to a low of 1.2177, EUR/CHF bounced and reached a high 1.2194 before losing momentum. At time of writing, the cross is trading around 1.2185, where it is just a few pips above its opening price.
As for technical levels, on the upside, next resistances could be found at 1.2200 (Apr 12 high) and 1.2212 (Apr 9 high), while supports are seen at 1.2160 (200-day SMA) and 1.2135 (Apr 16 low).