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- Bid tone around the single currency is helping EUR/CHF higher, currently trades at 1.04452
- Daily price action in the pair remains within the cloud, supported by cloud base at 1.0403
- The pair trades range-bound with day's high by 1.04462 and lows by 1.04022, underlying bias is bearish
- Key to further Euro weakness may be economic data, flash PMIs on Friday will dictate the near-term mood
R3: 1.0465 (Daily High Jul 14)
R2: 1.0452 (30 DMA)
R1: 1.0403: (Daily cloud base)
Support Levels:
S1: 1.0399 (Daily Low Jul 16)
S2: 1.0396 (Daily Low Jul 15)
S3: 1.0383 (30 DMA Lower Bollinger)
