Decreasing political risks in Europe and growing interest in French assets deprive the franc of important growth drivers. Together with the SNB’s reluctance to intervene in the Forex market, these factors make the EURCHF bearish positions vulnerable. Let’s discuss these topics and make a trading plan.
Highlights and key points
The French political drama has come to an end.
The franc was benefiting from the political turbulence.
Now EURCHF bears are suffering.
SNB may bring the pair to parity by cutting the rate.
Monthly fundamental forecast for franc
The victory of the New Popular Front in the French parliamentary elections… Read full author’s opinion and review in blog of #LiteFinance
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