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Apr 19 - 06:55 AM

EUR/CHF - REFILE-BUZZ-EUR/CHF Through Key Pivot As Geopolitical Tensions Dictate

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

Refinitiv IFR Research/Market Commentary


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