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Strong moves were seen in EUR/CHF yesterday, with the pair closing through the 200-day moving average (at 1.2311) and downtrend drawn from the July high at...

Chris Weston

Pepperstone

Strong moves were seen in EUR/CHF yesterday, with the pair closing through the 200-day moving average (at 1.2311) and downtrend drawn from the July high at 1.2321. The next target traders will be eyeing is the October high of 1.2375, ahead of the 200-week moving average of 1.2517. Big moves in the European debt markets helped, while there is a feeling that the CHF is a good short given it's over valuation.

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Chris Weston
Chris Weston
Head of Research
Pepperstone

Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...

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