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Oct 20 - 05:55 AM

EUR/CHF - There Is Potential For A EUR/CHF Short-Squeeze

By Jeremy Boulton  —  Oct 20 - 05:00 AM
  • EUR/CHF rises to 0.9848 EBS, above 100-DMA at 0.9836 and 21-WMA 0.9840

  • Highest traded between August and October is 0.9866

  • Those who sold expecting SNB policy to fuel CHF rise are threatened

  • No seller since late July sold above 0.9866

  • Oct 27 ECB is expected to double deposit rate to 1.5%

  • Deposit rate is expected to rise towards 3.25% by July 2023

  • SNB policy rate is 0.50% and seen 1.5% by June 2023

  • Targets for bigger EUR/CHF correction are 0.9966 and 1.0095


Source:
Refinitiv IFR Research/Market Commentary

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