UK/EU Session Update: An important few days for
#EURCHF. I has moved with the Iran situation as we know but also ahead of this WE when the
#Swiss will vote on whether to cap their population or not which could have deep implication for the economy and corporate investments over the longer term. The pair trades at the topend of the long term wedge and right below the 200DMA. Should Switzerland decide the cap should be put in place, this zone could easily break and
#CHF depreciate quite a bit, as in several %. If in turn the proposal gets voted down, the polls are very tight, we can expect some unwinding to be done, brining the pair back closer to 0.91 for a starter, potentially even lower if in the meantime the ME headlines would support a better risk picture.