Another day and new lows for the swiss franc 28 July
Yes folks, your almost now daily update on the weakening of CHF and new highs for EURCHF at 1.1381 not seen since the SNB stepped to one side aqt 1.2000 in January 2015
After good rallies in USDCHF and EURCHF in Asia following on from yesterday's rapid gains that I reported here we saw some decent retreat
But dip buying on both is still the name of the game as it has been for many months.
Currently 0.9713 and 1.1371 with more offers/res into 0.9730, 0.9750 and 1.1400.
EURCHF is heading for its biggest 1 month gain since 2011.
I'm just waiting for Jordan to come out and say swiss franc still significantly overvalued.
USDCHF 4hr
EURCHF 4hr
