EUR/CHF upside attempts remain limited below 0.9730

Source Fxstreet
Apr 22, 2024 15:35
  • The Euro bounced up strongly after Friday's reversal, but it has stalled below the 0.9730 - 40 area.
  • Weak eurozone Consumer Confidence data has eroded confidence in the Euro.
  • Failure to extend gains beyond 0.9740 might give hope for bears to retest 0.9675.


The Euro bounced up sharply after fears of an escalation of the Middle East conflict pulled the pair to test the lowest levels in the last six weeks. The pair returned to previous levels, favoured by a frail risk appetite but it remains capped below previous support at 0.9730 - 40 so far.

In the Eurozone, the unexpected deterioration of the region’s Consumer Confidence Index has failed to provide confidence in the pair. Somewhat later ECB Chair Lagarde will meet the press. She will likely confirm that the Bank is planning to start lowering rates soon, probably in June. The risk of the Euro is skewed to the downside.

On Tuesday, the Eurozone PMI data will provide further insight into the area’s growth prospects and might give some guidance to the common currency. In Switzerland, the ZEW survey, on Wednesday and, above all, SNB’s Jordan speech on Thursday will be the highlights of the week.

From a technical perspective, the failure to extend gains beyond 0.9730 leaves the pair in no man’s land. Above here, the next target would be the April 11 high, at 0.9815 and the April 5 high at 0.9850. Immediate support remains at 0.9675. Below here, 0.9620 and 0.9560 will be targeted.

EUR/CHF

Overview
Today last price 0.9706
Today Daily Change 0.0008
Today Daily Change % 0.08
Today daily open 0.9698
 
Trends
Daily SMA20 0.9753
Daily SMA50 0.9646
Daily SMA100 0.9519
Daily SMA200 0.9554
 
Levels
Previous Daily High 0.9716
Previous Daily Low 0.9565
Previous Weekly High 0.974
Previous Weekly Low 0.9565
Previous Monthly High 0.982
Previous Monthly Low 0.9552
Daily Fibonacci 38.2% 0.9623
Daily Fibonacci 61.8% 0.9658
Daily Pivot Point S1 0.9603
Daily Pivot Point S2 0.9508
Daily Pivot Point S3 0.9452
Daily Pivot Point R1 0.9755
Daily Pivot Point R2 0.9811
Daily Pivot Point R3 0.9906

 

 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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FX option expiries for May 24 NY cutFX option expiries for May 24 NY cut at 10:00 Eastern Time, via DTCC, can be found below - EUR/USD: EUR amounts 1.0690 2.5b 1.0700 1.6b 1.0705 1.1b 1.0710 1.2b 1.0830 911m 1.0850 977m 1.0885 963m 1.0875 3b 1.0890 2.3b 1.0900 1.4b - GBP/USD: GBP amounts 1.2700 407m - USD/JPY: USD amounts 154.50 1.1b 155.00 1.5b 155.50 1.4b 156.00 1.4b 157.00 3.4b - USD/CHF: USD amounts 0.9115 576m 0.9200 1.3b - AUD/USD: AUD amounts 0.6605 545m 0.6675 907m - USD/CAD: USD amounts 1.3705 546m .
Source  Fxstreet
FX option expiries for May 24 NY cut at 10:00 Eastern Time, via DTCC, can be found below - EUR/USD: EUR amounts 1.0690 2.5b 1.0700 1.6b 1.0705 1.1b 1.0710 1.2b 1.0830 911m 1.0850 977m 1.0885 963m 1.0875 3b 1.0890 2.3b 1.0900 1.4b - GBP/USD: GBP amounts 1.2700 407m - USD/JPY: USD amounts 154.50 1.1b 155.00 1.5b 155.50 1.4b 156.00 1.4b 157.00 3.4b - USD/CHF: USD amounts 0.9115 576m 0.9200 1.3b - AUD/USD: AUD amounts 0.6605 545m 0.6675 907m - USD/CAD: USD amounts 1.3705 546m .
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FX option expiries for May 20 NY cutFX option expiries for May 20 NY cut at 10:00 Eastern Time, via DTCC, can be found below - EUR/USD: EUR amounts 1.0850 991m 1.0860 731m 1.0875 1.2b 1.0890 907m 1.0900 1.4b - GBP/USD: GBP amounts 1.2645 459m - USD/JPY: USD amounts 154.00 1.8b 155.00 789m 156.00 597m 156.45 807m 156.50 590m - USD/CHF: USD amounts 0.9050 811m - AUD/USD: AUD amounts 0.6590 913m 0.6605 550m 0.6780 1b 0.6800 462m - USD/CAD: USD amounts 1.3535 721m 1.3730 735m - NZD/USD: NZD amounts 0.6100 1.3b .
Source  Fxstreet
FX option expiries for May 20 NY cut at 10:00 Eastern Time, via DTCC, can be found below - EUR/USD: EUR amounts 1.0850 991m 1.0860 731m 1.0875 1.2b 1.0890 907m 1.0900 1.4b - GBP/USD: GBP amounts 1.2645 459m - USD/JPY: USD amounts 154.00 1.8b 155.00 789m 156.00 597m 156.45 807m 156.50 590m - USD/CHF: USD amounts 0.9050 811m - AUD/USD: AUD amounts 0.6590 913m 0.6605 550m 0.6780 1b 0.6800 462m - USD/CAD: USD amounts 1.3535 721m 1.3730 735m - NZD/USD: NZD amounts 0.6100 1.3b .
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FX option expiries for May 14 NY cut FX option expiries for May 14 NY cut at 10:00 Eastern Time, via DTCC, can be found below - EUR/USD: EUR amounts 1.0650 1.9b 1.0665 563m 1.0675 704m 1.0690 810m 1.0695 416m 1.0750 1.5b 1.0760 409m 1.0800 1.5b 1.0850 1.2b - GBP/USD: GBP amounts 1.2495 919m 1.2500 1.1b 1.2525 680m 1.2650 726m 1.2655 1.1b - USD/CHF: USD amounts 0.9000 521m 0.9100 1.9b - USD/JPY: USD amounts 155.15 602m - AUD/USD: AUD amounts 0.6515 1.8b 0.6590 2.2b 0.6600 577m 0.6700 648m - USD/CAD: USD amounts
Source  Fxstreet
FX option expiries for May 14 NY cut at 10:00 Eastern Time, via DTCC, can be found below - EUR/USD: EUR amounts 1.0650 1.9b 1.0665 563m 1.0675 704m 1.0690 810m 1.0695 416m 1.0750 1.5b 1.0760 409m 1.0800 1.5b 1.0850 1.2b - GBP/USD: GBP amounts 1.2495 919m 1.2500 1.1b 1.2525 680m 1.2650 726m 1.2655 1.1b - USD/CHF: USD amounts 0.9000 521m 0.9100 1.9b - USD/JPY: USD amounts 155.15 602m - AUD/USD: AUD amounts 0.6515 1.8b 0.6590 2.2b 0.6600 577m 0.6700 648m - USD/CAD: USD amounts
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