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   “¢   The cross came under some renewed selling pressure on Thursday and dropped to test ascending trend-line support, extending from Jan. 8th.

   “¢   A sustained weakness below 200-hour SMA was seen as a key trigger for bearish traders and behind the pair’s sharp intraday slide of over 50-pips.

   “¢   Technical indicators on the 1-hourly chart are already pointing to oversold conditions and warrant some near-term consolidation before any further downfall.

   “¢   Meanwhile, oscillators on 4-hourly/daily charts have just started gaining negative momentum and support prospects for an eventual bearish breakdown.

   “¢   A sustained weakness below the mentioned trend-line support will reaffirm the bearish outlook and accelerate the fall further towards the 1.1300 handle.

EUR/CHF 1-hourly chart


       Today Last Price:  1.1341
       Today Daily change %:  -0.39%
       Today Daily Open:  1.1385
       Daily SMA20:  1.137
       Daily SMA50:  1.1324
       Daily SMA100:  1.1345
       Daily SMA200:  1.1407
       Previous Daily High:  1.1396
       Previous Daily Low:  1.1352
       Previous Weekly High:  1.1374
       Previous Weekly Low:  1.1329
       Previous Monthly High:  1.143
       Previous Monthly Low:  1.1183
       Daily Fibonacci 38.2%:  1.1368
       Daily Fibonacci 61.8%:  1.1379
       Daily Pivot Point S1:  1.1359
       Daily Pivot Point S2:  1.1333
       Daily Pivot Point S3:  1.1315
       Daily Pivot Point R1:  1.1403
       Daily Pivot Point R2:  1.1421
       Daily Pivot Point R3:  1.1447