Forex: EUR/CHF in session highs around 1.2420/25
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EUR/CHF
FXstreet.com (Barcelona) - It seems the post-ECB rally is still on. The Swiss franc continues to lose ground against the euro on Thursday, pushing the cross to fresh highs in the proximities of 1.2425, levels last seen in December 2011
In the data front, Producer and Import Prices in the Alpine economy rose 0.1% MoM and 1.0% on a yearly basis during December, beating forecasts at 0.0% and +0.8%, respectively.
At the moment, the pair is up 0.45% at 1.2428 facing the next resistance at 1.2444 (high Dec.7 2011) followed by 1.2458 (high Nov.8 2011) and then 1.2467 (Upper Bollinger).
On the opposite direction, a violation of 1.2325 (MA10d) would expose 1.2187 (low Jan.14) and then 1.2127 (low Jan.11).
In the data front, Producer and Import Prices in the Alpine economy rose 0.1% MoM and 1.0% on a yearly basis during December, beating forecasts at 0.0% and +0.8%, respectively.
At the moment, the pair is up 0.45% at 1.2428 facing the next resistance at 1.2444 (high Dec.7 2011) followed by 1.2458 (high Nov.8 2011) and then 1.2467 (Upper Bollinger).
On the opposite direction, a violation of 1.2325 (MA10d) would expose 1.2187 (low Jan.14) and then 1.2127 (low Jan.11).
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