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Euro Very Likely to Fall further versus Swiss Franc

Euro Very Likely to Fall further versus Swiss Franc

David Rodriguez, Head of Product
Euro Very Likely to Fall further versus Swiss Franc

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EURCHFRetail traders remain extremely long the Euro versus the Swiss Franc, and impressively consistent sentiment leaves our focus on further EURCHF declines.

Trade Implications – EURCHF:An almost-incredible 96 percent of open positions in the EURCHF are currently long, and until that changes we’ll stick to our contrarian calls for Euro weakness. A re-test of the Swiss National Bank’s critical SFr1.2000 price level seems likely.

See next currency section:EURUSD - Euro Can’t Fall Forever - Here's What to Watch

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

Euro Very Likely to Fall further versus Swiss Franc

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

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