© Dukascopy Bank SA
"Overall, the value of the Swiss franc remains high and should fall further over the next few quarters."
- SNB chairman (based on Bloomberg)
Pair's Outlook
Pair started the week above the 200-day SMA and is being supported by it at the moment. Pair did not close below the 0.92 cent area last week, but for the current move to be perceived more than a correction pair should advance above the 55 and 100-day SMA. In case the pair fails, as suggested by the short term technicals, it might fall to the mentioned to the mentioned 0.92 with a stop at the 0.925.
Traders' Sentiment
Market has moderately strong expectations (59%) that pair will advance some more. This view is also reflected in the distribution of pending orders. 58% are set to buy the greenback against the franc.
© Dukascopy Bank SA