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Thomson Reuters
Feb 13 - 06:12 AM
EUR/CHF - SNB May Have Set The Stage For A Big EUR/CHF Rise
First appeared on eFXplus on Feb 13 - 04:30 AM
  • Risk appetite is resilient with stocks, crude and iron ore rallying
  • EUR/CHF soft lately (specs long) but SNB likely supporting nL1N20705I
  • Versus other funding currencies CHF is relatively expensive nL1N20806N
  • EUR/CHF looks poised to rally and challenge a falling 200-DMA now 1.1432
  • 200-DMA now below prior Feb highs, increasing the chance of a break
  • If broken target 38.2% l-term drop @ 1.1681 but potentially much higher
  • If 2017's 200-DMA break were repeated EUR/CHF could reach 50% retr @ 1.2664

EURCHF daily Click here

EURCHF monthly Click here

Source:
Thomson Reuters IFR Markets

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