The economic climate, especially the business environment, is favourable in Europe.
EUR German ifo Business Climate Is: 85.7 Expected: 85.1 Was: 85.8
Favorable but not excellent. Because at a tenth it is declining anyway.
Against this, the Dollar is very strong.
All positions from last week have been eliminated except the oil position.
Oil : today a small correction. We will leave the position for the time being, but we will see if the position can be further strengthened.
Today's action:
EURCHF : new buy position at 0.967. The trend is in long, which is why we continue to focus on the center of our channel.
AUDCHF : A long trend can also be seen in this pair. We put a buy at 0.588.
NZDCHF : this pair is also in a long trend. Buy deposited at 0.546.
EUR German ifo Business Climate Is: 85.7 Expected: 85.1 Was: 85.8
Favorable but not excellent. Because at a tenth it is declining anyway.
Against this, the Dollar is very strong.
All positions from last week have been eliminated except the oil position.
Oil : today a small correction. We will leave the position for the time being, but we will see if the position can be further strengthened.
Today's action:
EURCHF : new buy position at 0.967. The trend is in long, which is why we continue to focus on the center of our channel.
AUDCHF : A long trend can also be seen in this pair. We put a buy at 0.588.
NZDCHF : this pair is also in a long trend. Buy deposited at 0.546.