The Euro (EUR) after surviving the 1.3000 test during the Asian session the single currency reversed and we saw a rally higher into Europe back above 1.3100 in a positive day for range traders. The next resistance is close at 1.3125 and if broken then would confirm the downside pressure is over for now. The SNB held and failed to inspire more EUR/CHF buying which eased back under 1.2100.
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