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EUR/CHF Classical
Friday, 23 October 2009 07:44 GMT  |  Written by Joel Kruger
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EUR/CHF
– No directional bias here with the market confined to a multi-day range. Daily studies are in neutral territory and a clear break back above 1.5250 or below 1.5000 will be required for additional insight and clarity. It is worth noting that setbacks towards 1.5000 have been met with intense buying and sharp upside reversals. The market looks like it could be considering a clear break below 1.5100 and towards 1.5000, so keep a close eye on price action.

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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