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Rests heavy on the Chf1.0505,............>

EURO-SWISS
MNI (London)
EURO-SWISS: Rests heavy on the Chf1.0505, seemingly buoyed just ahead of the key
Chf1.0500 level which many have surmised is the level the SNB has been
protecting. A move below Chf1.0500 would spark interest, as well as opening an
initial move down to Chf1.0470, with the technical picture opening a deeper move
toward Chf1.0410. Pressure remains in late NY trade, market will watch to see if
any sharp correction higher emerges in early Europe Friday. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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