Sunday, May 18, 2014

EUR/CHF Daily Outlook

No change in EUR/CHF's outlook. Consolidative trading continues in range of 1.2140/2249 and intraday bias remains neutral. With 1.2249 resistance intact, further decline is still mildly in favor. Below 1.2140 support will target 1.2103 and below. In that case, we'd expect strong support below 1.21 to handle to bring rebound.



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