EUR/CHF - Daily technical Outlook (14:40 CET)

By IBTimes Staff Reporter | November 12 2009 11:15 AM

The pair is rebounding again, after being near the key support at 1.5100. Right now, the pair is consolidating with the 200-day MA that, if broken, will give the pair a clear path to the mentioned level. The bands of Bollinger show low volatility in the hour, while the RSI is on neutral ground. If the pair rebounds, the next resistance is at 1.5113, daily highs.

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