{"id":21280,"date":"2011-05-23T17:39:57","date_gmt":"2011-05-23T21:39:57","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=21280"},"modified":"2011-05-23T17:39:57","modified_gmt":"2011-05-23T21:39:57","slug":"eurchf-hits-key-support","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/05\/23\/eurchf-hits-key-support\/","title":{"rendered":"EUR\/CHF Hits Key Support"},"content":{"rendered":"<p>EUR\/CHF Breakout Or Trend Reversal?<\/p>\n<p>EUR\/CHF has made fresh intra-day lows and is now close to the daily opening level.<\/p>\n<p>1.2400 is a key support level and traders will no doubt be positioned accordingly, in light of current events regarding euro debt,\u00a0 which will add significant order flow.<\/p>\n<p>EUR\/USD has bounced off the 1.4000 level but is still well down on the day.<\/p>\n<p>The Swiss Franc has been one of the strongest currencies recently and a safe haven in these troubled times as can be seen with the strong USD\/CHF down trend.<\/p>\n<p>The relative strength correlation charts favour a breakout, as can be seen below with 4hr, daily and weekly timeframe showing Swiss Franc strength over the Euro.<\/p>\n<p>For further updates www.forex-fx-4x.com brings you <a href=\"http:\/\/www.forex-fx-4x.com\">forex technical analysis<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forex-fx-4x.com\/1\/wp-content\/uploads\/2011\/05\/correlationeurchf.png\" alt=\"\" width=\"640\" height=\"423\" \/><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/CHF Breakout Or Trend Reversal? EUR\/CHF has made fresh intra-day lows and is now close to the daily opening level. 1.2400 is a key support level and traders will no doubt be positioned accordingly, in light of current events regarding euro debt,\u00a0 which will add significant order flow. EUR\/USD has bounced off the 1.4000 level &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/05\/23\/eurchf-hits-key-support\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR\/CHF Hits Key Support&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-21280","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=21280"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21280\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=21280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=21280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=21280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}