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FxWirePro: EUR/CHF trades rangebound above 21-EMA, risk-off to keep downside pressure

EUR/CHF chart - Trading View 

EUR/CHF was trading largely unchanged on the day at 1.0820 at around 10:25 GMT.

The pair trades comatose around 21-EMA support, break below could cause weakness.

Upbeat Eurozone Sentix Investor Confidence data fails to put a bid under the single currency. COVID-19 jitters continued to undermine. 

Latest data published by the Sentix research group showed on Monday that Eurozone Sentix Investor Confidence came in at 1.3 in January from -2.7 in December beating a reading of 0.7 expected. 

The expectations index rose to an all-time high of 33.5 from 29.3. While the current situation index came in at -26.5, its highest level since March and compared to -30.3 in December.

EUR/CHF trades with a neutral bias. Price action capped between 55 and 110 W EMAs. Breakout will provide a clear directional bias.
 

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