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Aug 18 - 05:55 AM

EUR/CHF - Plunge Has Exposed Major Levels

By Jeremy Boulton  —  Aug 18 - 04:22 AM
  • EUR/CHF dives 1.0800 to 1.0702 EBS after breaking base weekly cloud

  • This week's range unfolds below cloud and 100-WMA 1.0806

  • Unless there is close back over 100-WMA pressure focused lower

  • Key Nov 2020 low at 1.0630 exposed by breakdown

  • 1.0658 is 76.4% May 2020-April 2021 rise, so gateway to 1.0505

  • 1.0505 lowest traded since July 2015, after turmoil when 1.20 peg abandoned

  • This year's CHF gains suggest SNB policy has changed nL1N2PN0K7


EURCHF retracement targets Click here

EURCHF weekly Click here

Source:
Refinitiv IFR Research/Market Commentary

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