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EUR/CHF (a)pathetic around 1.2060

FXStreet (Edinburgh) - EUR/CHF is slowly inching higher on Thursday, although the 1.2070 level seems too tough a barrier so far.

EUR/CHF bounced off 1.2055

The trade remains heavy around the cross, now managing to recover ground from session lows in the mid-1.2000s, although currently USD buying is hampering the bullish intent. Next of note in the Swiss economy will be the KoF Leading Indicator (Monday) and the UBS Consumption Indicator (Tuesday). “Intraday rallies are now indicated to halt circa 1.2080/87, the 55 day ma. This guards the 1.2133 July low and the 200 day ma at 1.2164”, noted Karen Jones, Head of FICC Technical Analysis at Commerzbank.

EUR/CHF key levels

At the moment the pair is up 0.02% at 1.2064 with the next resistance at 1.2074 (Tenkan Sen) ahead of 1.2088 (38.2% of 1.2140-1.2057) and then 1.2096 (high Oct.14). On the flip side a break below 1.2053 (low Sep.30) would expose 1.2030 (low Nov.28 2012) and finally 1.2007 (low Jul.23 2012).

EUR/USD retraces from daily high of 1.2676 - FXStreet

As FXStreet Chief Analyst Valeria Bednarik observes, EUR/USD hit a daily high of 1.2676 on slightly better than expected Eurozone PMI numbers and now is trading lower in the 1.2657 region.
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USD/JPY tests 108.00 line; looking for 108.50?

The US Dollar extended gains versus the Japanese Yen and after climbing 60 pips from 107.40 in the last couple of hours, the pair is now testing the 108.00 area.
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