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Nov 04 - 08:55 AM

EUR/CHF - Upside Favoured But US Election Is A Risk

By Justin Mcqueen  —  Nov 04 - 06:50 AM
  • Friday's Swiss CPI print (0.6%) should act as a constraint on CHF upside

  • Inflation is undershooting the SNB's Q4 CPI forecast of 1%

  • Meanwhile, officials have continued to flag concerns over CHF strength

  • With EZ data stabilising - Citi EZ Surprise Index at a 5-month high

  • EUR/CHF risks are leaning to the topside. Rate spreads also support

  • U.S. election is a risk, but downside is likely truncated by SNB

  • Resistance: 0.9508 (Sep high), 0.9565-80 (200DMA)

  • Support: 0.9300, 0.9200

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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