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EUR/CHF: the forgotten FX pair could make a spectacular return
With the USD taking the limelight this week because of all the economic reports from the world’s largest economy, the EUR/CHF may not be on many people’s radars. But the forgotten currency pair could be among the non-USD pairs worth watching closely going forward because today it has taken out a downward-sloping trend line that had been in place since May 2013. This means that the long-term bearish trend has at least weakened, if not ended. Although it is a bit premature to say that significant gains will be on the way now, the potential is at least there. The SNB’s determination to defend the 1.20 floor ... (full story)