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Forex pairs in this Article » USD/CHF (Barcelona) - The USDCHF is weakening in early European morning, erasing its few gains (to as high as 0.9182) and falling down to 0.9157 low, for now. The market is having trouble getting past the 0.9200/15 zone, having erased yesterday what Monday movements conquered.

The German Wholesale Price Index rose 0.3% (MoM) in January, but eased from +3.2% to +2.3% (YoY) while consensus was for +2.2%. The Swiss PPI will come soon, and a monthly +0.1% rise is expected for January data.

UBS analysts are bearish on the USDCHF: "As long as resistance at 0.9249 holds, there is scope for rejection and resumption of downside", wrote analyst Gareth Berry, pointing to support at 0.9154 ahead of 0.9002.
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