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CHF strenghten despite SNB's comments

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Forex News and Events Intervention threats fall on deaf ears (by Peter Rosenstreich) Clearly the macro risks for continued CHF strength against the EUR are building. Expectations for the ECB to push rates into more negative territory (which limits the effectiveness of the SNB’s own negative rates strategy), combined with global risk aversion (including Brexit) have sent traders back into the traditional safe-haven CHF trade. Yesterday, EURCHF traded down to 1.08104 (1-month low) before

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