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Jul 01 - 07:24 AM
EUR/CHF - Crowded House For Shorts Brings Key Level Into Play
First appeared on eFXplus on Jul 01 - 05:00 AM
  • FX traders remove their safety harnesses and let CHF and JPY drop
  • CHF longs a crowded space and USD/CHF likely seen its low point
  • EUR/CHF cancels out last week's range and weakness to reach 1.1151
  • Favourable G20 and U.S. - China trade truce leaves safe havens weaker
  • Latest SNB sight depo data hints at intervention nAPN02SW6S
  • EUR/CHF has a key 1.1161 level in its sights: 50% Fibo 1.1264-1.1057

EUR/CHF Daily Candle Chart: Click here

Refinitiv IFR Research/Market Commentary


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