I’ve got to make something sound interesting today as a post about my weekend gardening endeavours won’t cut it.
The long running battle with the 100 dma is in danger of being settled today as head towards the lofty heights of 1.2230 (game show audience effect “WHOOOooooooo”)
EUR/CHF daily chart 19 05 2014
It’s not far to the next boundary though and the May 2013 resistance line sits at 1.2245, then prior resistance at 1.2258 and the 200 dma at 1.2263.
Support is along the 100 dma and Feb 2013 support line and then the shorter term support line at 1.2170.
One day brothers and sisters we will see 1.23 again
Across the pond in USD/CHF we’re trying to build a moon base on the Sep 2013 resistance line and the 0.8950/60 level needs to see a decent break to open up the door to 0.9000. Until then 0.8700-0.8950 is the range the pair is happy to play in.
USD/CHF weekly chart 19 05 2014
