The pair is in clear Uptrend, and Swissy never looked so vulnerable.
CHF is hit even from the USD , and that is not it’s usual state of affairs.
Resistances come at : 0.98950 , 0.99150 and ultimately The Parity – 1.00000
Supports are at : 0.97900 and 1.97550 and have to hold for the real Rally to takes it’s place ( and toll on many short players )
Daily Chart
In this Era of uncertainty , one would expect investors to run and hide in CHF , but seems to me that all is perfect, stable and secure on this planet….
Big part of the game are Interest rates and ECB will be dealing with it on coming Thursday, so I would be surprised to see any change in sentiment and/or direction prior to it.
There has been recorded weaknesses in CHF, but usually it happened while USD was rallying Up.
With the Gold on all time Highs and even Bitcoin amazing strength, one has to sit back and rethink the whole idea and perception of investing.
For those with guts of steel, Buying EURCHF right now might be the way to go, however I would go with Intraday waves and limited risk .
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