EUR/CHF Classical 02.21
EUR/CHF:The market continues to recover out from the record lows established in late 2010 by 1.2400, with the latest break back above 1.3070 confirming a fresh higher low by 1.2780 and opening the door for the next major upside extension towards the 1.3500-1.4000 area further up. From here, we would expect to see any intraday setbacks well supported above 1.2850 on a close basis.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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