EUR/CHF Surges on SNB Whisper—But Looming EU-US Trade Storm Could Crush Your Gains!
Investors are growing uneasy over the lack of progress, particularly as discussions surrounding agricultural access and industrial subsidies remain contentious.
This reinforces expectations that the European Central Bank (ECB) will maintain a cautious stance at its upcoming rate decision on Thursday, potentially signaling a cut later this year.
Rising uncertainty is dampening sentiment toward the Euro and keeping EUR/CHF under pressure.
EUR/CHF tests key Fibonacci resistance as downtrend continues
From a technical standpoint, the daily chart reflects a clearly established downtrend, marked by a consistent sequence of lower highs and lower lows.
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