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Trade Of The Week: EURCHF to challenge major resistance?
Our focus falls on the EURCHF which could be rocked by the EU data dump and Swiss National Bank (SNB) rate decision this week. The minor currency pair remains bullish on the daily/weekly timeframe with prices approaching a key resistance level at 0.9700. With volatility likely to remain the name of the game for the EURCHF, a major breakout could be on the horizon. Here are 3 factors to keep an eye on: SNB rate decision The SNB is widely expected to keep interest rates unchanged at 1.75% on Thursday. So, investors will direct their attention towards the policy statement, news conference, and CPI projections for clues ... (full story)