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Daily Forex Signal: EUR/CHF to Test Swiss Bank Resolve

July 12, 2010 at 15:55 UTC || By Forex Playmaker  

The euro faces mounting pressure against the Swiss franc ahead of an expected Swiss National Bank intervention at the 1.30 level. Global traders and dealers are betting on an SNB intervention once the EUR/CHF trades down to the 1.30 mark, which may make the move self-fulfilling. Once the 1.30 mark is reached, the central bank is expected to increase purchases of the euro while simultaneously...

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