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Jun 13 - 01:55 PM

EUR/CHF - Tests 200-DMA, Wider GE/FR Spread Points To Weakness

By Justin Mcqueen  —  Jun 13 - 12:50 PM
  • Euro (-0.6%) lags across G10 FX as risk aversion picks up

  • German/French 10yr spread continues to widen (71bps)

  • As a result, this paves the way for Euro downside vs CHF, JPY

  • EUR/CHF rests on 0.9600 with 200-day MA just below at 0.9595

  • Break of 200-day MA likely to add to downside momentum. Apr low at 0.9565

  • Heading into French election, Bund-OAT spread should guide EUR

  • Warning signs emerge for large Swiss franc short bet nL1N3I80PF

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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