EUR/CHF likely put in a short term bottom as today’s early European sell off was unable to break yesterday’s low. Since then, the pair has rebounded 25 pips to
It’s a modest start for a rebound in this pair but in EUR/CHF your best bet is to pick up dimes, not dollars. I took a long in EUR/CHF yesterday and the technical and fundamental pictures are both improving. The re-test reversal today is good news and Berlusconi losing power is another positive sign. Any positive signs on the budget debate would help it get to 1.23.
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