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   “¢   The cross extended its sharp intraday retracement slide from two-week tops and tumbled to fresh session lows in the last hour, erasing all of the previous session’s gains.

   “¢   A sustained weakness below 50-hour SMA was seen as a key trigger behind the latest leg of the slide in the last hour, through bears took some breather near 100-hour SMA

   “¢   The mentioned support coincides with 61.8% Fibonacci retracement level of this week’s up-move (1.1326-1.1393) and should continue to protect the immediate downside.  

   “¢   A convincing breakthrough the mentioned confluence support might turn the cross vulnerable accelerate the slide back towards weekly lows, the 1.1325 region.

EUR/CHF 1-hourly chart


       Today Last Price:  1.1361
       Today Daily change:  -29  pips
       Today Daily change %:  -0.25%
       Today Daily Open:  1.139
       Daily SMA20:  1.1371
       Daily SMA50:  1.1323
       Daily SMA100:  1.1345
       Daily SMA200:  1.1409
       Previous Daily High:  1.1392
       Previous Daily Low:  1.1349
       Previous Weekly High:  1.1374
       Previous Weekly Low:  1.1329
       Previous Monthly High:  1.143
       Previous Monthly Low:  1.1183
       Daily Fibonacci 38.2%:  1.1375
       Daily Fibonacci 61.8%:  1.1365
       Daily Pivot Point S1:  1.1362
       Daily Pivot Point S2:  1.1334
       Daily Pivot Point S3:  1.132
       Daily Pivot Point R1:  1.1405
       Daily Pivot Point R2:  1.1419
       Daily Pivot Point R3:  1.1447