What EUR/CHF lacks in excitement, it makes up for with steady trends.
EUR/CHF is down for the fourth consecutive day and is nearing 1.2300. The decline comes on the heels of four consecutive days of gains that pushed the pair to 1.2375 from 1.2266. The broadening ‘risk off’ mood is stinging the pair as it drives demand for the safe-haven franc.
The pair is now testing the 38.2% retracement of the move higher since mid-December. If that breaks look for a move to 1.2280.
