The EURCHF pair has been hanging around the 0.99 level for a couple of weeks now- forextrade forextrading
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Keep in mind that the pair also is a great indicator of risk appetite, going higher when people are feeling much more comfortable, and going lower when they are not. pair has been hanging around the 0.99 level for a couple of weeks now, trying to figure out whether it is going to find enough momentum to go higher, or if it is going to turn around and break down again.
Having said that, there is a lot of noise in this pair since the Swiss economy is so highly levered to the European one, and of course, we all know that the European economy has a major list of problems coming its way over the course of the winter. At this point, even if you are not trading this currency pair, you do need to pay close attention to what it does next, because it could give you a bit of a “heads up” as to where risk appetite is going to be heading, and you can translate that as a secondary indicator on other markets that are highly sensitive to risk appetite.
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