Prepared by: FX Solutions, LLC Saddle River Executive Centre, One Route 17 South, Suite 260, Saddle River, NJ 07458
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EURO-SWISS: Still holding steady around the Chf1.5150 area after plenty
of speculation in the European morning that the SNB could be getting
ready to intervene again coming on the back of reports that they were
seen buying US Treasuries yesterday and today. Swiss on a trade weighted
basis still trading close to its highs while techs point to the 200-day
moving average as key at Chf1.5130. Euro-Swiss has traded above the
200-day since the big upmove seen on June 24 with some speculation now
that this will be a line in the sand for the SNB.
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