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Greg Michalowski

Forex Trading: USD/CHF Moves Lower On The Back Of Euro Strength

By Greg Michalowski on February 20, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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The market is comforted from the action plans from the EU and this has also benefitted the CHF which was battered earlier on the worries.  The pair is now moving closer to the trendline support and 100 hour moving average which held yesterday.  The market will be watching the levels closely give the repeated tests over the last few days.

Trendline =1.1753 currently
100 hour moving average = 1.1730 currently

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