EUR/CHF Classical 03.23
EUR/CHF:The latest sharp and intense pullback has not compromised our longer-term basing outlook, with the 1.2400 record lows from late 2010 still intact. Any additional declines are seen limited, with the greater risk for a sharp upside reversal. For now however, a break back above 1.3040 will be required to officially alleviate downside pressures.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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