EURCHF - NEXT MOVE - COT REPORT - SEASONAL
Hello, Traders! We are currently looking for a nice push to the downside from EURCHF. As risk leaves the market once again we can see an Increase in Long orders for CHF as investors move their money into safe bonds and low-interest currencies such as the CHF/JPY. We can also see short orders being added for the EUR over the last two weeks showing a possible change in the overall direction and strength for this currency. Seasonal data shows a decrease in value during the month of October which is expected from the EUR. However, we have yet to see this!
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