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Thomson Reuters
May 16 - 03:48 AM
EUR/CHF - Stocks And CB Policy To Fuel EUR/CHF Rebound From 1.1800
First appeared on eFXplus on May 16 - 02:20 AM
  • EUR/CHF slammed 1.1980-1.1830 this week result of unwind of carry trades
  • Huge extent of EUR/CHF rally left those long a little extended/vulnerable
  • Momentum waned ahead 1.2000 but there is cause to reestablish longs
  • U.S. rates driving exit of USD/EM shorts are irrelevant for EUR/CHF
  • SNB/ECB polices supporting further EUR/CHF rise are sure to evolve
  • Stocks buoyant. 55-DMA 1.1820 and daily cloud top 1.1780 are strong support

EURCHF daily Click here

Source:
Thomson Reuters IFR Markets

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