Johanes
Short

EURCHF Underway to Downward to Visit and Break 1.1000

FX:EURCHF   Euro / Swiss Franc
The U-shape currency band is confirmed for the EURCHF to downward for visiting 1.1000 and may break that level, subject to average traded weighted rate with EURUSD and USDCHF . EURCHF is by product of EURUSD and USDCHF . The USDCHF is underway to her lower band/ceiling estimated at 0.9200 (subject to future final measurement with average traded weighted with CHFJPY ) and the EURUSD defended at her lower ceiling/band 1.1300.

The EURUSD is still to downside risk based on price stability measurement on her average traded weighted rate with EURJPY and EURCHF . Thus, should the EURUSD revisit the level of 1.1300 by the pressure of EURJPY then the EURCHF will break the 1.1000 to downward. At such, the new lower ceiling/band for the EURCHF is based on the measurement of the EURUSD and USDCHF .

Short trade is the preferred position by entering the market at interdays high or weekly high to target their lows and measured by time series interest rate differential based currency band.

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