The USD/CHF pair gains traction around 0.8795 during the early European session on Thursday. The Swiss Franc is weakened against the US Dollar (USD) f
ollowing the release of Swiss Real Retail Sales. Market participants will shift their attention to the US Core PersonalPrice Index and the weekly Jobless Claims due later in the North American session.
According to the one-hour chart, USD/CHF holds below the key 100-hour Exponential Moving Averages with a downward slope, which means the path of least resistance for the pair is to the downside.
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