CHF: Risk-Reward Attractive For Selling CHF Against The USD & EUR – Citi

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The US has labeled Switzerland as a “currency manipulator” and triggered volatility in the Swiss franc. What’s next?

Here is their view, courtesy of eFXdata:

Citi discusses the CHF outlook and flags a scope for long USD/CHF and long EUR/CHF to outperform over the coming weeks on the back of the following 4 reasons.

(i) the SNB will continue to intervene given current levels of EURCHF and USDCHF;

(ii) risk aversion on a US-Iran de-escalation should diminish;

(iii) troughing data in Europe will be short-term negative CHF; and

(iv) technical levels and price action make risk/reward attractive,” Citi notes.

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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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