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February 1, 2012

EUR/CHF Breaks Above Channel with SNB Intervention Watch On

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The EUR/CHF market is on it's way to the first re-test of the 1.20 floor. This is the level the Swiss National Bank has pledged to "defend". The EUR/CHF has been persistently bearish since falling from the 2012 high near 1.2470 and since Jan. 25th has been trading in a declining channel seen in the... FF News: Technical

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