EUR/CHF Mid-Day Outlook

[Forex-Outlook]

EUR/CHF jumped sharply to as high as 1.4204 on SNB intervention. The break of 1.4116 resistance flips intraday bias back to the upside and further rise might be seen towards 1.4433 resistance next. Nevertheless, we'd anticipate strong resistance between 1.4333/4465 to limit upside. On the downside, break of 1.4 psychological level is needed to confirm down trend resumption. Otherwise, we'll stay neutral first.

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