analitykFX
Short

EURCHF - Important level

FX:EURCHF   Euro Fx/Swiss Franc
29 3 4
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 .
fdtbeijing
3 months ago
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.
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analitykFX fdtbeijing
3 months ago
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.
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fdtbeijing analitykFX
3 months ago
yes, EUR is weak, but trading around 1.05-1.15 for about a year, i think there's more likely it will strenghten.
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