EURCHF Move Provides Temporary Excitement 25/5/2012
Risk appetite has recovery marginally in the Asian session as the lack of Europe-negative headlines allowed risk seekers to pick up bargains.
Oil went bid in the European session as WTI traded swiftly to $91.31.
EURCHF jumped suddenly over 60 pips during the European session to 1.2076, blowing through its 100-day moving average before consolidating around the 50-day MA at 1.2025.
In Europe, yesterdays round of economic data did nothing to inject confidence that growth could help ease the current crisis.
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