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Markets

EUR/CHF gives back the weekly gain

EUR/CHF back to where it started the week

The euro isn't only under pressure against the US dollar, it's also coming under some pressure against the Swiss franc.

The pair steadily climbed this week on risk appetite but I'm getting the sense that the market is setting up for a bumpier road next week. The trigger might be some hawkish talk from the Fed.

I don't think EUR/CHF is necessarily the way to make the trade but the series of lower lows and lower highs in the past three days along with the break in the past few minutes points to more downside.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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