While the Swiss has caught a bid this week that recovery has been primarily the result of periodic Dollar weakness and ideas that the US economy isn’t markedly better off than the Euro zone. In fact, with the higherthreat of economic drag from Ebola being seen in the US, the Swiss has a temporary edge that might beexpanded through the US scheduled report window later today. Up-trend channel support rises to 1.0507 todayand to 1.0529 on Friday.
Technical Outlook: Stochastics are at mid-range but trending higher, which should reinforce a movehigher if resistance levels are taken out. The intermediate trend could be turning up with the close back above the18-day moving average. The outside day up is somewhat positive. There could be more upside follow throughsince the market closed above the 2nd swing resistance. The near-term upside objective is at 108.27. The nextarea of resistance is around 107.41 and 108.27, while 1st support hits today at 105.15 and below there at 103.76.