Iran and Israel are still continuing to wage war against one another but broader markets are starting to look past that already. I'd imagine from here even if we did a significant escalation where risk sentiment gets knocked again, the move would be to buy the dip. This is a market that is quick to forget and even quicker to want to move on to the next thing. That especially when it comes to bad news.
Circling back to EUR/CHF, the bounce fits with the broader theme we're seeing today that markets are slowly fading the Middle East tensions.
To the downside though, there is still key support from the August 2024 low at 0.9210 to consider as well. That helped to arrest previous drops in November last year and in April this year.
This article was written by Justin Low at www.forexlive.com.Hence then, the article about eur chf nudges higher as risk appetite recovers some ground was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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