The EURCHF tends to be a descent “risk barometer” and in the current macro environment, I really believe this to be true. The CHF has been in demand as of late with the tariff risks on the rise, investors have flocked to the Swiss Franc. The technicals also reflect that story as well.
The EURCHF is in a technical bearish wedge, but the dips below the .9300 continue to find buyers. However, considering the lows are nearly the same, but there are lower highs, we are in what is called a bearish wedge. It tends to tilt the risks towards a downside break. The trend line with the lower highs comes in at the .9600 level and this would have to break to give the pair a bullish upside breakout.
As the pair continues to tighten in the apex of the wedge, we should soon find out if the EURCHF is a “good buy” or “goodbye!”
作者:Blake Morrow,文章来源FXStreet,版权归原作者所有,如有侵权请联系本人删除。
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