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Feb 11 - 05:00 AM

EUR/CHF - Line In The Sand Or Just A Range Base For EUR/CHF

By Peter Stoneham  —  Feb 11 - 03:05 AM
  • Cross finding bids in the 1.0660s: a take off point back in 2017

  • Consecutive weekly lows and price lifted from 1.0661 Monday

  • A low from Feb 2017 provides the next downside level at 1.0632

  • Only above 10DMA, 1.0788, to trigger a more aggressive short squeeze

  • SNB has thrown its usual rhetoric at the market but CHF still attractive

  • Latest IMM numbers show specs upping net CHF longs nL1N2AA06S

  • Largest net long CHF position since Dec 2016 nL1N29W04X




EU/CHF daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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