ridethepig
Long

A hat trick for CHF shorts

FOREXCOM:EURCHF   Euro / Swiss Franc
=> Here we expect the underperformance in the Euro to be around the corner and after a dovish SNB last week this is an 'easier' cross to trade than the EURUSD because of rate differentials.
=> Technically this is a very simple call we are trading back to our last break down levels at the 1.165x
=> We are outguessing profit taking from exhausted bears ahead of FED hike positioning later this week.
=> GL all those trading in live
Comment: Clean and simple for bulls so far
I agree with your bullish on EURCHF. Our trading signal idea is also of the same bias. If it breaks out of its 61.8% Fibonacci retracement at 113.88, it could move up further to its next resistance. Here’s our idea!
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