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Forex: EUR/GBP retreats from highs

FXstreet.com (Barcelona) - After climbing to the boundaries of 0.8640, the pair is now retreating to the 0.8620/25 region as the single currency is showing signs of weakness.
The cross has quickly climbed to session highs after the sterling took a hit from the higher unemployment rate and the BoE unchanged perspective towards further QE, increasing the selling pressure to fresh intraday lows vs. the greenback.

As of writing, the pair is up 0.51% at 0.8621 facing the next hurdle at 0.8647 (61.8% of 08793-0.8412) followed by 0.8684 (high Mar.14) and then 0.8714 (high Mar.13).
On the downside, a breach of 0.8532 (MA10d) would expose 0.8505 (MA21d) and finally 0.8495 (low Apr.12).

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Forex: USD/CHF trading positively at 0.9233/35

The USD/CHF has successfully rebounded off the 0.9310 level Wednesday during European trading, helped in part by robust Swiss data. After rising nearly 25 pips, the rally seems to have stalled at 0.9233/35 at the time of writing, whereby recording a +0.10% gain on the day.
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