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EUR/CHF Remains a Risk-On/Risk-Off Cross of Choice

CHF
  • EUR/CHF trades lower Monday, with the cross showing through both the 50-dma at 1.0429 as well as Friday's 1.0426 low. This marks the fourth consecutive session of lower lows in EUR/CHF and narrows the gap with 1.0383. A slip through here would erase the rally posted from February 3rd and would mark a bearish development.
  • Today's pullback continues to show the cross being driven by over-arching market sentiment and the inputs from geopolitics - particularly in Eastern Europe and Ukraine.
  • A trading strategy structured around the Fear and Greed Index remains the most profitable strategy for the cross over the past 12 months. The strategy currently recommends a winning short signal initiated on February 17th as the Fear and Greed Index hits the lowest levels since mid-January.

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