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Forex: EUR/CHF clings to 1.2320 after ECB

The pair is holding on to the proximities of 1.2320 on Thursday, after the ECB statement was in line with previous estimates. The Swiss franc has been appreciating against the euro since Monday, reflecting the renewed jitters hovering over the euro area, falling from weekly highs above the key barrier at 1.2400 to the current levels around 1.2320

When comes to results, the Swiss SECO Consumer Climate index improved to -6 in the fourth quarter, up from -17 prior.

At the time of writing, the pair is up 0.10% at 1.2319 with the next hurdle at 1.2368 (MA10d) ahead of 1.2389 (MA21d) en route to 1.2501 (Upper Bollinger).
On the downside, a dip below 1.2257 (low Feb.5) would clear the way to 1.2229 (MA55d) and finally 1.2187 (low Jan.14).

Forex Flash: Gilts target upside breakout – RBS

According to Technical Markets Strategist Dymtro Bondar at RBS, “The price of Gilts has been testing 20-day MA, however it didn’t manage to break this region and instead stayed in the range of 115.90 – 116.75, as momentum remained neutral (the 20/5/5/3 slow stochastic is slightly oversold, though that is not a strong indication of extreme conditions).”
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Forex: GBP/USD stabilizes above the 1.5700 level

The GBP/USD has continued it’s easing Thursday off of the previously recorded session highs at 1.5771 earlier today. At the onset of American trading, the pair is still clinging to positive territory, stabilized above the 1.5700 level at 1.5713/16 in these moments.
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