BlueberryMarkets
Short

EURCHF TO PUSH LOWER. ITALY PUTTING PRESSURE ON THE EURO.

FX:EURCHF   Euro / Swiss Franc
EURCHF could be a key chart to watch in the coming weeks as the Italy situation continues to put pressures on the EURO , not only that the FED are looking to continue there plan to hike rates which will have a massive impact on the value of the EURUSD . If the Italy saga continues we may see a run to the CHF as it is know as the european safe haven. Technicals show we are at a key resistance level and could potentially move lower from this point as the 4hr chart is starting to cycle lower. The key support of 1.1200 will be likely targets.
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