JP Morgan sees the surge in the Swiss franc as not justified. According to JP Morgan, the Eurozone economy is holding up better than markets had anticipated. Under this environment, JP Morgan believes the current EUR/CHF levels present an opportunity to fade franc strength and rebuild long positions.
If the pair does rebound from current levels, the first area of interest could be 0.9350, followed by 0.9450, where prior swing highs and short-term structure converge. A more sustained recovery could bring the pair back toward 0.9600–0.9700, a major resistance band that has capped every rally over the past year.
Pour connaître la date et l’heure exactes de ces événements économiques majeurs, importez le BlackBull Markets Calendrier économique pour recevoir des alertes directement dans votre boîte aux lettres électronique.
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