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Apr 15 - 06:55 AM

EUR/CHF - Hold Of Key Support Is Encouraging For Bulls

By Justin Mcqueen  —  Apr 15 - 05:15 AM
  • Unwind of risk off hedges puts pressure back on safe-havens

  • EUR/CHF hold of key pivot is encouraging for bulls

  • Aside from rising geopolitical tensions. CHF gains are likely to be shallow

  • Keep in mind, CHF is the preferred funding currency given dovish SNB outlook

  • As such, bias remains to fade upside in CHF

  • Key support resides at 0.9690. Resistance at 0.9800

  • Looking ahead, ECB Chief Economist Lane speaks at 1300GMT

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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