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Chart Of The Day: EURCHF Approaching Key Low
video The Swiss National Bank shocked the markets last week by hiking interest rates by 50bps for the first time since 2007. This sparked strength in the Swiss Franc against the majority of currencies, as this was an unexpected move. Recently the price of EURCHF has dropped aggressively and the strength meter reflected this with EURO dropping from the reversal zone and the Swiss Franc moving into the positive numbers. chart Selling pressure continued this week with the price reversing at a minor high. This has seen the price fall into a key low but not a low that could see the price reverse. Recent lows could act ... (full story)