Forex: USD/CHF fall held by 0.9102 ahead of NY

FXstreet.com (Barcelona) - Although the 0.9130 held the USDCHF during the Asian shift, the European session saw the pair sliding like butter across the board to 0.9102 low as the morning ends. Higher risk sentiment comes ahead of the economic calendar in the US session.

US GDP Q3, initial jobless claims, US existing home sales and Philly Fed manufacturing are due, while investors combine that to headlines coming from the "fiscal cliff" factor as time is running out and yesterday was marked by deteriorating negotations.

"Improved conditions on hourly chart, see potential for possible further extension higher and test of psychological 0.9200 barrier, break of which is required to confirm recovery", wrote Windsor Brokers analyst Slobodan Drvenica, pointing also to a slide towards 0.9040/00 in case of a firmly bearish daily structure.