Thursday, July 31, 2014

EUR/CHF Daily Outlook

Current development argues that choppy decline from 1.2249 has finished at 1.2133 already. Further rise is mildly in favor back towards 1.2249 resistance. At this point, we're not seeing any reason for a break out yet. Hence, we'd be cautious on strong resistance from 1.2249 to limit upside to extend



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