News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Becoming a forex trader means living and breathing the excitement, risk and reward of trading in the biggest and most liquid market in the world. Do you have what it takes? Read here to discover the qualities and processes it takes to build consistency: https://t.co/EfWEACQ6Cz https://t.co/pY4LFKsD7P
  • Rouhani’s Chief of staff says lifting of economic sanctions on Iran has been agreed in Vienna #OOTT
  • IHS Markit "inflation worries have continued to intensify. Record levels of the survey’s price gauges and the further development of capacity constraints hint strongly that CPI has much further to rise after already breaching the BoE's 2% target in May" https://t.co/qRGdhxWfqp
  • 🇬🇧 Markit/CIPS Composite PMI Flash (JUN) Actual: 61.7 Expected: 62.8 Previous: 62.9 https://www.dailyfx.com/economic-calendar#2021-06-23
  • 🇬🇧 Markit/CIPS UK Services PMI Flash (JUN) Actual: 61.7 Expected: 63 Previous: 62.9 https://www.dailyfx.com/economic-calendar#2021-06-23
  • 🇬🇧 Markit/CIPS Manufacturing PMI Flash (JUN) Actual: 64.2 Expected: 64 Previous: 65.6 https://www.dailyfx.com/economic-calendar#2021-06-23
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here: https://t.co/4jsORznRTE https://t.co/HpGjvYi8eu
  • Heads Up:🇬🇧 Markit/CIPS Composite PMI Flash (JUN) due at 08:30 GMT (15min) Expected: 62.8 Previous: 62.9 https://www.dailyfx.com/economic-calendar#2021-06-23
  • Heads Up:🇬🇧 Markit/CIPS Manufacturing PMI Flash (JUN) due at 08:30 GMT (15min) Expected: 64 Previous: 65.6 https://www.dailyfx.com/economic-calendar#2021-06-23
  • Heads Up:🇬🇧 Markit/CIPS UK Services PMI Flash (JUN) due at 08:30 GMT (15min) Expected: 63 Previous: 62.9 https://www.dailyfx.com/economic-calendar#2021-06-23
Euro Very Likely to Test 1.20 versus Swiss Franc

Euro Very Likely to Test 1.20 versus Swiss Franc

David Rodriguez, Head of Product
Euro Very Likely to Test 1.20 versus Swiss Franc

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

EURCHFRetail traders remain near their most long the Euro versus the Swiss Franc on record, and it seems almost-inevitable that the EURCHF tests the Swiss National Bank’s stated floor at SFr1.20.

Trade Implications – EURCHF:Almost 98 percent of open positions were long the EURCHF last week, and even the fact that open short positions more than doubled leaves the crowd at 93% long. Such one-sided positions give us a steady contrarian signal that the pair may continue lower, but the obvious question is whether the Swiss National Bank will ably defend the critical SFr1.2000 mark.

See next currency section:EURUSD - Euro at Potentially Significant Turning Point

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

Euro Very Likely to Test 1.20 versus Swiss Franc

Automate our SSI-based trading strategies via Mirror Trader free of charge

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES