FXstreet.com (Buenos Aires) - With daily charts still oversold, pair recovery stalled a few pips the 1.0400 level; 4 hours charts however, show the pair remains above 20 SMA around 1.0310 and acting as dynamic support, while momentum holds a slightly bullish tone. Further recoveries need to see the pair above 1.0420 resistance zone, unlikely today, ahead of stronger 1.0450 and 1.0490 area. If 1.0310 support gives up, pair could lost upside continuation signals, and will likely retest past week lows around 1.0270. Resistances from current level lie at 1.0350 and 1.390 area, while under 1.0270 pair has a strong weekly low support around 1.0250.

EUR/CHF, the pair to watch for SNB possible interventions, quotes at 1.5150 with a slightly bearish tone in 4 hours charts. Supports come at 1.5120 and 1.5090 while resistances from current price are located at 1.5165 and 1.5190.

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