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Forex pairs in this Article » USD/CHF (Barcelona) - The USDCHF went as high as 0.9246 as flash GDP publications in Europe and the ECB monthly report broke risk sentiment down, revealing wider than expected recession in Q4 2012, while ECB Constancio admitted the possibility of pushing interest rates to negative ground.

Since then, the USDCHF fell to 0.9215/20 area, where it is still quoting, +0.50% higher on the day. US data didn't trigger any kind of direction to the market. Initial jobless claims in the US came in lower than expected, at 341K instead of the 360K consensus. Continuing claims also improved, at 3.114M instead of the 3.200M expected.

"I think today the price may leave this consolidation channel downwards and start a correction with the target at 0.9100", wrote analyst Igor Sayadov, expecting then a new ascending structure with the target at 0.9280.
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