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SEB: EUR/CHF might see a dip before resuming higher - eFXnews
FXStreet (Barcelona) - According to SEB, EUR/CHF might see a correction lower before resuming towards 1.05 levels, as noted by eFXnews.
Key Quotes
“The market already had problems breaking dynamic support at the lower end of the "Cloud". SNB’s decision to widen time deposits to be exposed to negative rates had major short-term impact and resistance at 1.0336 8now mid-body point support) and at 1.0390 were crushed.”
“Expect a small correction lower, respecting support below and then another leg higher, targeting next resistance at the 1.05- mark.”
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