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02nd May - Current Support in EUR/CHF at 76.4%

02 May 2013

MONTHLY CHART:

On the long term chart resistance is currently at the 1.2665 38.2% retracement level.

DAILY CHART:

A recent slip back found support from the 76.4% pullback area, and so far the reaction here has been positive. On the upside old resistance around another 76.4% level remains the main hurdle.

Fresh weakness exposes the earlier 1.2000 SNB floor which underpins the market.

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