GBPCHF: French Election Risk May Increase Demand on CHF
Hey Traders, in the coming week we are monitoring GBPCHF for a selling opportunity around 1.13900 zone, GBPCHF was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.13900 support and resistance zone.
Fundamentally with the current risk on the EURO with French election the demand on CHF may increase despite the rate cut as it's considered a safe haven.
Trade safe, Joe.
Fundamentally with the current risk on the EURO with French election the demand on CHF may increase despite the rate cut as it's considered a safe haven.
Trade safe, Joe.
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