EUR/CHF trades lower; wait for it, wait for it….

Author: Gerry Davies | Category: News

EUR/CHF is trading lower, presently down at 1.5045 compared to a European opening up around 1.5070.  Swissy is benefitting from the sell-off in stocks as risk sentiment takes a knock and the currency’s safe haven permium comes back into play.

We’re now in that area 1.5000/50 where we’ve consistently seen renewed buying interest resurface. You can bet your bottom dollar we’ll be hearing rumours of SNB sniffing around in the very near future.

Technical support of note 1.5010/15.

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