EURCHF - Euro Continues to Recover Against Swiss franc
Enter your emailThe 0.96 level has been important multiple times recently, and it should be important on the way back out.has rallied significantly during the trading session on Thursday as we continue to see a lot of noise in general.
This is a market that is a good way to measure euro strength or weakness, as the Swiss Franc is one of its biggest trading partners. Both of these economies have to worry about the same problems on the continent, most specifically the energy situation. With this being the case, the fact that the Euro has rallied against the Swiss franc it does give a little bit of hope for the Euro, but the reality is that we are still very much in a downtrend. Because of this, I think you are looking for selling opportunities at the first signs of exhaustion.The 0.96 level has been important multiple times recently, and it should be important on the way back out.