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!