Just for Remainder of this comment on the weekend " Swiss National Bank battling enormous pressure on safe-haven franc: Jordan" The SNB is strugrling to unload the franc in the market as it is bought right way by the speculators and investors. I'am expecting shift in the SNB policy that will cool the pressure ovre the Swiss Franc CHF.
By looking to the pattern formation on the EURCHF chart, we can easly identify a reversal pattern formation that will push the EURCHF for upside.
***** IMPORTANT ******
PLEASE DO NOT TRADE THIS PAIRE WITHOUT STOP LOSS. DO NOT KEEP THIS TRADE OPEN DURING THE WEEKEND.
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On reversed chart, reversal will be at the new high, which is new low for the stander chart.
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The French/German proposal for a €500 bn Recovery Fund to be integrated in the multi-year budget, is a great proposal. The Funds will be distributed as budget transfers, not grants, prioritising the more affected countries and not according to GDP (or GNI) /1