Welcome Guest:
Sign Up
A Data Partner of:
Refinitiv
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

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!