EUR/CHF: Lot less risky to go long this morning

The cross has only risen by around 20 pips this morning after the Gold referendum was rejected in Switzerland. This could be a sign that the referendum result was fully priced in but it does also give the SNB a continued mandate to carry on with existing policies.

Let’s put it this way, it’s a lot less risky to go long EUR/CHF this morning at 1.2040 than it was to go long on Friday at 1.2020.

Leave a Reply

Your email address will not be published. Required fields are marked *