#EURCHF cleared the 1.0730 level as a result of an
underwhelming #ECB press conference. Eventually it found a base ahead of
1.0700, however as it continues to print fresh lows the downward momentum
remains intact and the market is likely happy to add to #CHF longs for now. A
better PMI data could see a bit of relief rally today, but overall the price
action remains very poor. The downtrend line comes in at 1.0770 now.
No comments:
Post a Comment