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EUR/CHF clears key Apr high at 1.0524, surging Bund yields drive rally

EUR/CHF clears Apr 30 swing high & 50% of Feb-Apr slide at 1.0524 today Pair's explosive rally driven by surging Bund yields & spreads to CHF yields 61.8% & 76.4% Fibo targets at 1.0591 and 1.0676 Last week's low now loo…

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  • EUR/CHF clears Apr 30 swing high & 50% of Feb-Apr slide at 1.0524 today

  • Pair's explosive rally driven by surging Bund yields & spreads to CHF yields

  • 61.8% & 76.4% Fibo targets at 1.0591 and 1.0676

  • Last week's low now looks like bottom of ABC pullback

  • Rebounding EZ inflation, growth & perhaps Greek deal hopes in the mix

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