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Forex: EUR/CHF extends gains after Jordan's comments

The euro advanced versus the franc on Tuesday and hit a 6-day high during the American session after SNB's Jordan said once again that the central bank will continue to enforce EUR/CHF floor with utmost determination.

EUR/CHF climbed 40 pips throughout the day and hit a high of 1.2357 in recent dealings. The pair was already buoyed by broad euro strength seen during the New York session.

At time of writing, EUR/CHF is trading around 1.2355, recording a 0.3% gain on Tuesday. If the pair manages to overcome the 1.2360 area, next resistances are seen at 1.2384 (Feb 13 high) and 1.2402 (Feb 4 high). Supports on the other hand could be found at 1.2315 (intraday low), 1.2300 (psychological level) and 1.2285 (Feb 15 low).

Forex: GBP/JPY falls to 144.00

The Sterling is trading under pressure on Tuesday and against the Japanese yen is not the exception. The GBP/JPY fell around 100 pips in the American session from 144.95 to trade at intra-day lows at 1143.85 where the pair has found support.
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Session Recap: Pound under pressure, Euro alive

Two stories on Tuesday. First, the Sterling being pressured on UK rating downgrade rumors and second, the good data in the German ZEW which push the Euro to trade at intra-week highs. Stocks trade at 5-year highs and risk appetite was buoyant.
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