Price has been trading in a trend since September of this year. With global markets back in red, EUR fell sharply against the Swiss Frank at the opening of this week. Going forward, I would look closely to the price action of EURUSD 0.03% & EURJPY 0.14% for correlation. In addition, I would also look closely at the performance of global stock markets. The reason being that gains in risker assets like stocks, will be fundamentally for a safe-heaven currency like the Swiss Franc -1.26% .
Exhibit 1: IG Client Sentiment