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Looking to Buy EUR/CHF

Looking to Buy EUR/CHF

Joel Kruger, Technical Strategist

The market remains supported for the time being around the critical 1.2000 psychological barrier and although we can't be certain that we won't soon see a breakdown below the level, we also like the idea of buying the cross on a break of recent range highs by 1.2040 should the market manage to hold. Look to buy at 1.2050 for an open objective with a stop-loss by 1.1975.

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