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Sep 02 - 03:55 AM

EUR/CHF - Is The Pair To Watch Today

By Jeremy Boulton  —  Sep 02 - 02:24 AM
  • EUR/CHF pumped from 1.0696 to 1.0850 ahead today's major data releases

  • Pair's 9 day rise between Aug 19-Sep 1 is probably due intervention

  • Swiss CPI at 6.30GMT is expected higher 0.8% yy in August

  • Swiss GDP at 7.00GMT is f/c 9% after -0.5% in Q1, 2% qq from -0.5%

  • Policy to keep CHF down is contributing to economic strength

  • Swollen trade balance is the result, CHF 5.2bln in July

  • EUR/CHF has reached an area of very strong resistance, top likely

  • Falling/weighing daily Ichimoku cloud 1.0844-96, 100/200-DMAs 1.0892/97

  • 100-DMA just crossed below 200-DMA (bearish signal)

  • Strong data should underpin CHF, resulting in l-term rise


EURCHF Click here

Source:
Refinitiv IFR Research/Market Commentary

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