analitykFX
Short

EURCHF - Important level

FX:EURCHF   Euro / Swiss Franc
31 3 5
2 possibilites:

Bounce from trend line and downtrend will remain. So now is the best moment to open short positions with small stop loss (1.1155) .

If price overcome the resistance We can switch to long with 1.2000 target .
Comment: Price still stay below trend line - so we keep our positions
don't think EUR/CHF will fall to parity. The long time uptrend of Swiss Franc most likely come to an end, if you check USD/CHF, AUD/CHF, NZD/CHF ...all bottomed.
Reply
analitykFX fdtbeijing
It doesn't mean anything that other all bottomed because there is always space to go lower :) and they are not 100% correlated ( for example USDCHF to EURCHF is only 17% right now).
Euro is weak if you look at fundamental analysis and it shouldn't change in the future.
But that's my view.
Reply
fdtbeijing analitykFX
yes, EUR is weak, but trading around 1.05-1.15 for about a year, i think there's more likely it will strenghten.
Reply
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