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Oct 13 - 05:55 AM

EUR/CHF - Breaks Down, SNB Likely To Resume Intervention

By Jeremy Boulton  —  Oct 13 - 04:45 AM
  • EUR/CHF has broken below 100-DMA and daily cloud

  • Cloud base 1.0742 and 100-DMA 1.0743 now resistance

  • Today's range 1.0727-40 EBS. Prior key lows 1.0722/27 Aug 27/Sep 17

  • Sight deposits suggest SNB paused since end August nAPN02NWTU

  • EUR/CHF peaked @ 1.0877 on Sep 1. Without SNB cross slipping

  • 1.0710 is 50% retrace May-Jun rise from 1.0505 to 1.0915

  • Close below will expose 61.8% @ 1.0662 and July low @ 1.0607




EURCHF weekly Click here

EURCHF daily Click here

Source:
Refinitiv IFR Research/Market Commentary

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