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Forex Flash: EUR in focus after Italian stalemate – UBS

Counting seems to have concluded in Italy's general election, however a victor has yet to be formally declared. Nevertheless the contours of the new political landscape are plain to see. Bersani seems to have won control of the lower house taking 29.54% of the vote, narrowly beating Berlusconi into second place with 29.18% of the vote.
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Forex: USD/CHF back to 0.9300 area

Based on concerns over Italy, the USD/CHF moved back to the 0.9300 area, printing a high at 0.9339. The pair is again trying to breach resistance.
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