EURCHF-12:20 (CET)

19 November 2009 @ 07:54 am EDT

After being near the reference level used by the SNB at 1.5100, the pair rebounded up to 1.5134 francs per euro. The price is correcting to the middle band of Bollinger, after breaking the upper band. The RSI is on neutral ground.For the rest of the session, depending on the results from the US labor sector, the pair could revert the trend and seek the target below, at 1.5100. If that doesn't happen, the resistance to watch is at 1.5145 francs per euro.

Copyright 2009, Advanced Currency Markets SA, Forex Broker, All Rights Reserved

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