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USD/CHF's triple top: confirmed

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    With the EUR/USD rallying to above 1.1300 level today, the USD/CHF is unsurprisingly dropping like a stone. The two currency pairs are inversely-correlated of course because the SNB has more or less pegged its policy to that of the ECB. The Swiss franc is also a safe haven currency and it tends to do better during periods of market turmoil, such as now. Hence, the EUR/CHF has also fallen sharply over the past several days, even if most other euro crosses have rallied as traders unwind their

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