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Forex: USD/CHF operating at session highs at 0.9327/36

FXstreet.com (Barcelona) - The USD/CHF advance has continued Friday, following the release of mixed economic data out of the EMU. In these moments, the cross is trading near a session high of 0.9336, notching an advance of +0.22% thus far during European trading.

ICN.com analysts identify the next corrective measures of resistance at 0.9335, then 0.9360, and finally 0.9380. Regarding a paring of gains, supports for the USD/CHF will trigger should the pair reach 0.9270, onto 0.9230, and finally the 0.9205 handle.

In the EMU, Industrial Production s.a. (MoM) climbed +0.4% in February, against expectations of only +0.1%. Moreover, Industrial Production w.d.a. (YoY) has fallen -3.1% in February, compared with estimates of only -2.5%.

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European markets slammed Friday

European stock indices were roiled Friday, ahead of US retail data and the ECOFIN meeting. Beginning with the indices and composites, the EURO STOXX 50 fell -1.31% as it settles in region of 2638.64, down -36.80 points in these moments. In addition, the FTSE 100 index is trading in negative territory, operating at 6377.74, declining -39.78 points or -0.61% at the time of writing. Finally, the DAX broke sharply lower, oscillating in the zone of 7762.97, after a movement of -102.88 points and down -1.42%.
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