Fudamental analysis
Euro:
Bearish
Cutting interest rates deeper into negative and Christine Lagarde looking to cut them even more.
Data coming out of the Eurozone is negative (German auto-industry and export data from France = two biggest economies in Europe).
Eurozone near a recession (hence why the UK want to abandon ship so dearly).
China and Japan pulling out the investments made into the Eurozone (in countries like Portugal, Greece, ...) meaning a capital outflow.
CHF:
Bullish
Economy is doing well.
Interest rates are steady.
Pegged to the gold price for 25% of their currency holdings and since gold is in an uptrend (now correcting) I feel like we should see CHF go up again after the correction in gold is done and dusted.
Currency will be less affected by looming EU economy.
Technical analysis
Price is looking to retest the downward sloping trend line at around 1.09740 +-.
EURCHF has been in a downtrend and I am looking for this downtrend to continue.
Entry: 1.09740 +-
TP: 1.08200
Euro:
Bearish
Cutting interest rates deeper into negative and Christine Lagarde looking to cut them even more.
Data coming out of the Eurozone is negative (German auto-industry and export data from France = two biggest economies in Europe).
Eurozone near a recession (hence why the UK want to abandon ship so dearly).
China and Japan pulling out the investments made into the Eurozone (in countries like Portugal, Greece, ...) meaning a capital outflow.
CHF:
Bullish
Economy is doing well.
Interest rates are steady.
Pegged to the gold price for 25% of their currency holdings and since gold is in an uptrend (now correcting) I feel like we should see CHF go up again after the correction in gold is done and dusted.
Currency will be less affected by looming EU economy.
Technical analysis
Price is looking to retest the downward sloping trend line at around 1.09740 +-.
EURCHF has been in a downtrend and I am looking for this downtrend to continue.
Entry: 1.09740 +-
TP: 1.08200