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Jul 12 - 11:55 AM

EUR/CHF - Slide Reaches Major Level But Probably Won't Stop There

By Jeremy Boulton  —  Jul 12 - 10:10 AM
  • Jul 12 EUR/CHF falls to 0.9838

  • This is a key retracement for rise from record low to subsequent peak

  • Record low 0.8500, highest since 1.2005 in 2018, 61.8 is 0.9839

  • Target for a larger correction is 0.9327 (76.4%/limit for correction)

  • Fibo projections from 2018 peak are 0.9652 and 0.8725

  • SNB policy shift should support greater CHF gains

  • Global reduction stimulus leads to risk aversion supporting CHF




Source:
Refinitiv IFR Research/Market Commentary

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