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EUR/CHF MACD opens the gates for further depreciation

A bearish MACD line cross below its median on a daily chart suggests that momentum is to the downside at the moment.

Traders following this technical signal will now more confident that serious inroads to the EUR/CHF downside can be achieved. Potential and long-term sellers should find comfort in the fact that this signal hasn't occurred for more than three weeks on the daily charts.

ECB's Nowotny: Too early to talk of QE extension

ECB Governing Council member Ewald Nowotny, speaking in a Poland's Puls Biznesu newspaper interview, said it is too early to talk of QE extension.
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