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EUR/CHF slips below key trend line – Société Générale

EUR/CHF drop below the April uptrend line signals renewed bearish momentum, with the August low now under test and resistance forming near 0.9320, Société Générale's FX analysts note.

Downside pressure builds

"EUR/CHF has failed to hold above the ascending trend line established since April, indicating resurgence in downward momentum. The pair is now challenging the August low. While a brief rebound is possible, the recent high at 0.9320 is likely to act as short-term resistance."

"Failure to cross this hurdle may result in persistence of decline. The next support levels are located near the lower boundary of the multi-month range at 0.9220/0.9210."

Silver price today: Silver falls, according to FXStreet data

Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.
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EUR/USD might rise gradually and test 1.1680 – UOB Group

Euro (EUR) could rise gradually and test 1.1680; a continued rise above this level is unlikely. In the longer run, weakness from early last week has stabilised; EUR is likely to trade between 1.1575 and 1.1720 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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