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EURCHF D1 11 01 2021 1355

 

USDCHF slipped below its 200-day moving average yesterday and that the EURCHF pair is now working down into the last bits of its range ahead of the cycle low near 1.0500, where the defense against further CHF strengthening is likely to stiffen significantly from the SNB. Such a persistent move lower suggests either some loss of faith in the real rate outlook for the EU relative to Switzerland or some safe  haven seeking under the radar. 

EURCHF W1 11 01 2021 1356

 

Trade accordingly with your risk.

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