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Dec 11, 2013

Flash: Keep trading the EUR/CHF range - JPMorgan

JP Morgan recommends trading the range in EUR/CHF, expecting it to remain range-bound as the SNB maintains the 1.20 floor but the balance of payments caps euro’s upside.

EUR/GBP hovering below bounce resistance at 0.8390. More downside ahead?

The EUR/GBP was in a miserable bear market trend until the bottom that was made on 12/2 at 0.8251. The bounce that has occurred since then appears to be just that – a bounce. How much more upside is left, though?