Dollar recovery from record lows at 0.8325 area last week extended yesterday to 0.8550 area, where the pair found resistance at -May 31/Jun 1 highs-, and, unable to break higher, the pair has succumbed to risk aversion, pulling back below 0.8500 over the European session.
On the downside, the Euro might find support at 0.8445/65 (Jun 9/13 highs), and below here, 0.8400 (Weekly pivot point) and 0.8325 (Jun 6/7 lows). On the upside, resistance levels remain at 0.8550 (May 31/Jun 1 highs) and 0.8600 (intra-day resistance).
EUR/CHF has dropped like a stone, extending retreat from 1.2245/50 highs on Tuesday below 1.2000 support area, reaching fresh record lows at 1.1955.
Tags: recovery record resistance `european session resistance levels remain dropped
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