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> EURCHF July 5, 2018 Weekly Analysis
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EURCHF July 5, 2018 Weekly Analysis

Exclusive Capital Ltd.

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The tension in the financial markets, due to the recent trade war, featured the Franc as a safe haven currency. The SNB does not seem that keen for further appreciation in its currency as this could place downside pressures on inflation. The SNB seems to be trapped in monetary policy due to the U.S. government's interference. Major support is found at the 1.1510 zone and resistance at the 1.1670 level the 200 days moving average.

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Source: https://www.exclusivecapital.com/eurchf-july-5-2018-weekly-analysis/
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