EURCHF SHORT
Updated
I really like the look of this week for a number of pairs, but one I will share is EURCHF.
Euro did improve current account and trade balances recently however the anticipated PMI upcoming data still shows a fairly bleak outlook and should reflect that in the early part of the trading week.
CHF is known as a safe heaven and with likely positive policy rates to be released, I'll be looking to take advantage of the swing down to 0.9525. There will be another entry made if we see 0.96 early in the week.
Euro did improve current account and trade balances recently however the anticipated PMI upcoming data still shows a fairly bleak outlook and should reflect that in the early part of the trading week.
CHF is known as a safe heaven and with likely positive policy rates to be released, I'll be looking to take advantage of the swing down to 0.9525. There will be another entry made if we see 0.96 early in the week.
Trade active
Order activeComment
Second order activated at 0.96. See how today closesTrade closed: stop reached
CHF keeping rates at 1.75% is an unexpected data release and with that takes the position outDisclaimer
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