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EUR/CHF gaining upside traction

EUR/CHF declines over recent weeks appear to have been temporarily stalled in the face of a bullish development.

The MACD line is tracing higher lows, when compared to recent sessions. Meanwhile, the meandering of the price structure is carving lower lows, which should give strong indication that we have seen the bottom on this pair for the time being.

Fed’s wording will be important, base case is still for a December hike - UBS

After ECB President Mario Draghi indicated chances of further easing at last week’s ECB meeting, the focus shifts to the US Federal Reserve, said UBS team.
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GBP/USD off highs, back to 1.5360

After a bull run to the 1.5380 area, or session peaks, GBP/USD has now returned to the 1.5360/55 band...
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