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Top Trade Idea 2020: Short EUR/CHF, EUR/JPY as Eurozone Economy Suffers from Impact of Brexit

Looking back at the forecasts made a year ago by the DailyFX analysts, I was struck by the fact that four of us were bearish the Euro: two against the Japanese Yen and one against the Canadian Dollar while I predicted a fall against the Swiss Franc.

We were all right: EUR/JPY and EUR/CHF both dropped between late December 2018 and early September 2019 before rallying later in the year; EUR/CAD fell between December and early October before recovering. For me, the major surprise in 2019 was that the Euro did not fall further, as I had expected the Eurozone economy to be hit by Brexit which, of course, did not happen.

Top Trading Opportunities in 2019

Top Trading Opportunities in 2019

Recommended by Martin Essex, MSTA

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— Written by Martin Essex, Analyst and Editor

Feel free to contact me via the comments section below, via email at martin.essex@ig.com or on Twitter @MartinSEssex

https://www.dailyfx.com/forex/fundamental/forecast/weekly/eur/2019/12/30/Top-Trade-Idea-2020-Short-EURCHF-EURJPY-as-Eurozone-Economy-Suffers-from-Impact-of-Brexit.html

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