Thursday, November 27, 2014

EUR/CHF Daily Outlook

No change in EUR/CHF's outlook. Deeper decline cannot be ruled out. But we'd expect strong support from SNB's 1.2 floor to contain downside and bring rebound. In case SNB intervenes, sustained break of 1.2139 resistance is needed to confirm underlying momentum. Otherwise, any rebound is seen as temporary and EUR/CHF



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