Franc May Face Gloomy Future. Forecast as of 08.07.2024

Decreasing political risks in Europe and growing interest in French assets deprive the franc of important growth drivers. Together with the SNB's reluctance to intervene in the Forex market, these factors make the EURCHF bearish positions vulnerable. Let's discuss these topics and make a trading plan.Highlights and key points The French political drama has come to an end. The franc was benefiting from the political turbulence. Now EURCHF bears are suffering. SNB may bring the pair to parity by c