FXWW News

Stop-losses and political tensions supporting the CHF

  • The situation in the Ukraine is making the traditional safe-haven CHF particularly attractive;
  • USD/CHF triggered heavy stops below .8850 on Friday and this level is now the first resistance point;
  • EUR/CHF has broken recent daily lows and looks likely to test the SNB resolve at 1.2000 as macro players exit the cross in frustration.

USD/CHF looks very dangerous now and the risk would seem to be firmly to the downside.

  1. Hi Achille, I think it’s certainly possible that the long GBP positions start getting squeezed as risk aversion rises. Maybe cable slips into consolidation mode but GBP loses ground against CHF, JPY and EUR

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