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EUR/CHF - Grinding Higher

EUR/CHF is showing signs of buying pressures near the SNB's threshold at 1.20. Hourly resistances can be found at 1.2026 (19/11/2014 high) and 1.2039 (12/11/2014 high).

In September 2011, the SNB put a floor at 1.2000 in EUR/CHF, which will be enforced with the "utmost determination". For the time being, a break of this threshold is very unlikely.

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