The euro erased much of yesterday's steep losses against the Swiss franc in early deals on Wednesday.
The common currency climbed to a 5-day high of 1.2236 against the Swiss franc, up almost 0.6 percent from yesterday's 8-month low of 1.2166.
If the euro-franc pair extends its advance, 1.2250 is seen as the next likely resistance level in the near-term.
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