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One Belt, One Road, One Direction for Precious Metals

One Belt, One Road, One Direction for Precious Metals

China's launch several years ago…

The End Is Near

The End Is Near

The doomsayers have been calling…

EUR/CHF - Fading Near The Key Resistance at 1.0600

EUR/CHF is recovering after its recent massive sell-off. The key resistance at 1.0600 has held thus far. The break of the hourly support at 1.0466 signals a weakening short-term bullish momentum. Supports now lie at 1.0357 and 1.0184 (28/01/2015 low). Another resistance can be found at 1.0675 (61.8% retracement of the 15 January decline).

The EUR/CHF is again a free-floating currency and has declined to uncharted water. The ECB's QE programme is likely to cause persistent selling pressures on EUR/CHF. As a result, the key resistance at 1.0600 should be hard to break. A key support stands at 0.9715.

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