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Forex: USD/CHF stays above opening price

FXstreet.com (Barcelona) - The USD/CHF is turned to the upside and after testing the 0.9460 opening price, it is currently quoting around 0.9470 in a day focused on the UK, with prices data due at 09:30 GMT.

China’s FDI improved from -7.30% to -1.30% in February, while CB Leading Economic index stayed unchanged at 1.3, with January’s data being revised from 1.0 to 1.3.

“For the 0.9595/0.9609 January 2012 high and the 61.8% retracement of the move down from the 2012 peak to be back in the picture, the 0.9513 November high will need to be exceeded”, wrote Commerzbank analyst Karen Jones, pointing to support at 0.9390/79, with an unexpected slide below to lead to 0.9339 February 25 high.

Forex Flash: What lies ahead of EUR/USD? – UBS, Danske Bank and Commerzbank

The shared currency remains glued to the area of 1.2950 on Tuesday, waiting for the ZEW Survey in Germany and the EMU to break the dullness surrounding the cross. The parliamentary vote on Cyprus’s...
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Forex Flash: EUR/USD may return to 1.3067 - Commerzbank

After the Monday drop to 1.2882, close to the 200 day moving average, now at 1.2875, the EUR/USD is back near the 1.3000 mark and Commerzbank analysts believe this can extend: “This may well be bettered today with the two month downtrend channel resistance line at 1.3067 then being eyed. This should cap, though”, wrote analyst Karen Jones, retaining a medium term bearish forecast while 1.3107 Friday high caps on a daily New York closing basis.
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