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EUR/CHF below 1.2080, fresh 1-week low

FXStreet (Córdoba) - The euro is falling against the Swiss franc for the fifth trading day in a row, extending the retreat after reaching the strongest level in almost two months, last week.

EUR/CHF dropped below 1..2080 and fell to 1.2074, the weakest levels since October 2nd. Price remains near the lows, ahead of the American session, when activity in the currency market is expected to be calm amid holiday in the US. The bond market will remain closed.

EUR/CHF levels to watch

To the upside, immediate resistance might lie at 1.2080 and above here at 12090 (daily high). On top of 1.2100, key levels lie at 1.2115 (Oct 10 high, Oct 8 low) and 1.2135/40 (last week highs). On the downside, an important short term support lies at 1.2060/65, followed by 1.2050 (Sep 30, Oct 1 lows).

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