EUR/USD declined from Asia's 5-day high of 0.9371 on rumored sales by a Dutch account and a U.S. investor, before meeting rumored reserves-related bids from the Bundesbank around 0.9320.
There was no reaction to a worse-than-expected 3.9% monthly fall in German manufacturing orders for January, and a broadly as-expected 0.1% monthly rise in euro zone January producer prices.
USD/CHF mirrored EUR/USD, climbing off Asia's 2-day low of 1.6447.
The EUR/USD outlook is mixed to slightly bearish.

Support: 0.9320 (overnight low), 0.9205 (20-day moving average), 0.9136 (61.8% Fibonacci retracement level of the June-October downtrend),0.9046 (200-day moving average), 0.9015 (Feb. 22 low; 2-month low), 0.8979 (61.8% Fibonacci retracement level of the July 26-Oct. 26 downtrend), 0.8963 (50% Fibonacci retracement level of the June-Oct. downtrend), 0.8880 (Dec. 19 low).
Resistance: 0.9371 (overnight high), 0.9382 (March 2 peak), 0.9446 (Feb. 1 high), 0.9504 (Jan. 19 high), 0.9595 (Jan. 5 high; 6-month high), 0.9621 (38.2% Fibonacci retracement level of the Jan 1998-Oct 2000 downtrend), 0.9693 (June 19 peak), 0.9702 (June 8 peak), 0.9795 (March 2 high).