The Swiss franc clearly plays the role of a defensive asset: in the situation of sharply increased market instability, demand for the franc has significantly increased.
The Euro is under severe pressure of the geopolitical tension. As a result, the EURCHF currency pair is actively trying to consolidate below 1.033. If the daily candlestick still closes with this level, the focus will be at the April minimum of 2015 at the level of 1.0227. Then, there are no longer any significant supports above the parity level of EURCHF 1.
This content is for informational purposes only and is not intended to be investing advice.
