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Forex pairs in this Article » EUR/USD, USD/CHF
FXStreet (Barcelona) - UOB Group Strategists note the strong USD/CHF rebound from the strong support at 0.8850 is expected to extend higher towards 0.8980.

Key Quotes

“USD/CHF struggled for than a week but failed to move below the strong support at 0.8850. The sharp recovery yesterday is the first sign that this pair could stage a counter-rally in the coming days.”

“A break of 0.8850 could still lead to a move towards last year’s low at 0.8800 but this appears unlikely at this stage. Instead, the current reaction higher is likely to extend towards 0.8980 and possibly 0.9038.”
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