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Thomson Reuters
Apr 29 - 07:24 AM
EUR/CHF - If SNB Is Watching Levels The 200DMA Could Be Key
First appeared on eFXplus on Apr 29 - 05:25 AM
  • Latest depo data suggests SNB left the market alone last week nAPN00O6C6
  • However, the Thursday drop was held at the 200DMA, 1.1353, and again Friday
  • Last week's sharp decline against the underlying bull run looks corrective
  • With stocks strong, S&P up 18.5% so far this year, CHF remains vulnerable
  • For FX vols and the CHF a major stock crash from elevated lvls will be key
  • Key levels this week 200DMA at 1.1350, 10DMA at 1.1398 and 1.1415 50% Fibo

EUR/CHF Daily Candle Chart: Click here

S&P Weekly Chart: Click here

Source:
Thomson Reuters IFR Markets

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