NEWS

The euro has been showing a positive development during the first month of 2017, but elections in some European countries have triggered new discussions about the potential withdrawal of some member states from the Euro Zone. Up until recently no one heard about what such a scenario would require.

We often hear about correlations from experts in the currency exchange market. The reason is that correlations are used as a tool to predict the development of exchange rates of a certain currency by deriving it from the development of another one.

It is the start of 2017 so we thought that it would be a good idea to take a look at the technical situation for Swiss Franc pairs.

Of course we have to point out that below you can find only our opinions. It is not possible to predict the exact move direction. Still, we are able to predict where possible resistance and support areas are. This can be important knowledge for someone who wants to change Euro to Swiss franc or other currency.

In the next examples we will check charts with use of technical analysis techniques. We will analyze longer time frames and use mostly yearly Pivot Points.

The Exchange Market team wishes you joy at the holidays and all the best for the coming year!

The Swiss National Bank SNB intervened less than expected in the foreign exchange market in November, with the euro-franc exchange rate falling below 1.07. Could this mean that the SNB could accept a stronger franc in the long term?