The latest from Deutsche
Deutsche Bank is out with comments about USDCHF, GBPUSD and EURUSD.
On USDCHF:
USDCHF is the top technical currency pair in G10. The hhair is breaking new ground to the top side has the cross built momentum to reach the highest level since June, prior to SNB comments yesterday.. The cross is not at all stretched from a RR perspective and has an extremely smooth price action has measured by realized volatility metrics.
On GBPUSD:
In contrast, our indicators suggest lightning risk in sterling. The pair has reached its extreme level of sketchiness as measured by both RSI and RR metrics and has highly volatile price action as it bounces around on political headlines
On EURUSD:
THe EURUSD is moderately trending and breaking good ground to the downside, although it looks slightly stretched from an RSI perspective.
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