20191202- EUR/CHF trapped below 1.106 ?

20191202- EUR/CHF trapped below 1.106 ?

Since September 2019 the EURCHF has seen support around 1.08. (Beginning of Sept the SNB stated that the CHF is 10-15% overvalued.) From these levels the EUR has been making two attempts to rise but did not manage to cross above 1.1006.

We are now seing the¬† third attempt being currently stopped below 1.1003. With the last two lows and the last two highs reaching higher values¬† we would now need to see a cross above 1.06 to make a real revcovery out of it. Until then the EURCHF is most likely going to test the lower support at 1.08 again. Let’s see.

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