The euro is already oversold against the Swiss franc

4 בינו׳ 2022

Technically, it is undoubtedly a downward trend, but the price position is close to the bottom of history. It seems that it is not a sensible choice to continue shorting. The stability of the currency pair in a certain price range is the most reasonable. Last year, due to the economic environment and the epidemic, the Swiss franc has risen for a year due to the impact of energy. It is a period of extreme overbought. Once the risk aversion subsides, the euro against the Swiss franc may continue to rebound and reverse in the short term.