Hi Folks:
Here's my view on this pair. From 1.10 to 1.05 without major corrections, so I think we are very close to a possible reversal.
But always keep in mind that CHF has been used as a safe haven currency and therefore, when economies are not performing well, investors tend to place their bets on Gold, CHF, Yen...
We are sitting on a support area and just opened few longs. Next ones will be right at the black line.
Mind that we are still trading below moving averages and hence we are still in bear territory.
Cheers
EURCHF
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Here's my view on this pair. From 1.10 to 1.05 without major corrections, so I think we are very close to a possible reversal.
But always keep in mind that CHF has been used as a safe haven currency and therefore, when economies are not performing well, investors tend to place their bets on Gold, CHF, Yen...
We are sitting on a support area and just opened few longs. Next ones will be right at the black line.
Mind that we are still trading below moving averages and hence we are still in bear territory.
Cheers
EURCHF-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.