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EUR/CHF Forecast Dec. 23, 2011, Fundamental Analysis

By:
FX Empire Editorial Board
Updated: Mar 5, 2019, 13:24 UTC

The EUR/CHF already entered the holiday mode and Friday is expected to see tight range and slight movement for the pair with the lack of data. We still

EUR/CHF Forecast Dec. 23, 2011, Fundamental Analysis

EUR/CHF Forecast Dec. 23, 2011, Fundamental Analysis
EUR/CHF Forecast Dec. 23, 2011, Fundamental Analysis
The EUR/CHF already entered the holiday mode and Friday is expected to see tight range and slight movement for the pair with the lack of data.

We still see the pair moving within a tight range as traders gradually exit the market and the pair was marginally biased to the upside with investors closing their positions and preparing for the holidays. The euro is recovering some of the losses versus the franc endured after the SNB kept the monetary policy unchanged and did not alter the floor for the EUR/CHF and now the pair is gradually returning higher.

Both economies lack economic fundamentals and the pair is expected to continue trading within its tight range.

Nevertheless, we still advise caution as the low holiday trading volumes might be the reason for heavy fluctuations and surprise movements yet overall for the pair we still expect tight range trading for the coming period.

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