Technical Commentary:
Price has successfully rejected 0.98200 as forecasted and has create a new swing high and a new swing low at it breaks 0.97000.
Was able to enter a long term swing after initial rejections of 0.98200 with a generous stop loss at next break of structure.
Also able to enter a sale-in short position after intra-day bullish structure was broken via a break and retest set up.
All stops are now rolled to breakeven.
Will seek for more scale-in opportunities.
Fundamentals:
EUR: To continue facing energy crisis heading into winter, political instability, lack of market confidence on TPI
CHF: To act as a safe-haven currency in the Eurozone as they head into more difficulties, SNB starting to become more hawkish by the day bringing rates above negative
More fundamentals on weekly commentary paper for only $19 per month
What do you think of EURCHF? Where would you have entered?
Price has successfully rejected 0.98200 as forecasted and has create a new swing high and a new swing low at it breaks 0.97000.
Was able to enter a long term swing after initial rejections of 0.98200 with a generous stop loss at next break of structure.
Also able to enter a sale-in short position after intra-day bullish structure was broken via a break and retest set up.
All stops are now rolled to breakeven.
Will seek for more scale-in opportunities.
Fundamentals:
EUR: To continue facing energy crisis heading into winter, political instability, lack of market confidence on TPI
CHF: To act as a safe-haven currency in the Eurozone as they head into more difficulties, SNB starting to become more hawkish by the day bringing rates above negative
More fundamentals on weekly commentary paper for only $19 per month
What do you think of EURCHF? Where would you have entered?
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