eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• EUR/CHF elicits support at 0.9260 after extending south from 0.9334
• 0.9334 was Wednesday high. 0.9260 was EBS 10-week low on Oct 2
• Oct 2 low was plumbed as French fiscal concerns rattled the euro
• 0.9486 was EBS 17-month high for EUR/CHF on Sept 30
• Franc-funded carry trades were very popular in Q3 (unwinds since then)
• Stop-loss orders may be sheltering below 0.9250/60, and
0.9200
EURCHF

(Robert Howard is a Reuters market analyst. The views expressed are his own)