By Justin Mcqueen — Apr 19 - 05:05 AM
Typo in headline
Geopolitical tensions dictate as Israel launches attack on Iranian soil
Risk aversion strengthens demand for safe-haven FX (USD, JPY, CHF)
EUR/CHF -0.4%, overnight low = 0.9565, stopping short of 200DMA (0.9556)
Now through pivotal support at 0.9680-85
Daily close below could open the door to a bigger setback
Given known risk, it will be prudent for traders to reduce exposure
Thus, havens are likely to remain bid with sentiment under pressure
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary