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      EUR/CHF inching higher, near 1.0850

      FXStreet (Edinburgh) - The initial upbeat momentum in the shared currency remains alive so far, now sending EUR/CHF to test the mid-1.0800s, close to session tops around 1.0860.

      EUR/CHF focus on SNB, PMIs

      The cross is looking to consolidate the recent drop from weekly highs around 1.0960 to the vicinity of 1.0820 posted yesterday, all amidst a generalized exodus from the riskier assets and mounting fears of a global slowdown.

      Ahead in the session, the preliminary manufacturing and services PMIs in Euroland during the current month will be in the limelight, followed by Draghi’s speech and the SNB’s Quarterly Bulletin

      EUR/CHF relevant levels

      At the moment the cross is up 0.07% at 1.0853 and a break above 1.0888 (high Sep.22) would expose 1.0958 (high Sep.21) and then 1.0995 (high Sep.17). On the downside, the immediate support lines up at 1.0839 (low Sep.23) ahead of 1.0823 (low Sep.22) and finally 1.0800 (low Sep.4).

      France Markit Services PMI above expectations (51) in September: Actual (51.2)

      France Markit Services PMI above expectations (51) in September: Actual (51.2)
      Mehr darüber lesen Previous

      EUR/JPY turns higher after three day losing streak

      The offered tone on the JPY gathered pace in early Europe, pushing the EUR/JPY pair higher to 133.85 levels.
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