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. Until then, traders can be content to trade the range extremes. It is worth noting that setbacks below 1.5100 have been met with intense buying and sharp upside reversals.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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