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RE Credit Agricole issuing new trade.....>

EURO-SWISS
EURO-SWISS: RE Credit Agricole issuing new trade recco, long EUR/CHF. Worth
recalling MNI Tech view from June 19th in which we wrote that the cross has
reached band of support around 1.0660/40, with the 50-day EMA rising and
suggesting the underlying trend is up.
- Daily P&F chart also proves supportive, with trendline support that intersects
at 1.0640: https://emedia.marketnews.com/marketnewsintl/ECPOF.png
- CFTC positioning data shows markets hold historically small short position in
CHF as % of open interest, which remains in a multi-year downward trend. Should
this reverse, could suggest CHF may have a much easier time falling against EUR,
USD in the coming months.

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