Nevertheless, there are times when transactions with EURCHF are fully justified, including from the position of profitability. After all, the obvious advantage of low is the reduced risks to the deal.
So, if you look at the of the EURCHF , it will become obvious that the current upward movement has come to a standstill. Resistance 1.20 has not yet been given to buyers. That is an excuse for waiting for correction from this place. Another argument is a rigid divergence on the daily oscillator and the corresponding price chart. The divergence is very large and comparatively young. A sharp decline in the indicator's values with a sharp increase in the price is a strong signal in favor of the fact that current prices are somewhat diverged from reality and need correction. Let's remind the classical rule - the correct direction of movement is indicated by the dynamics of the indicator, so the reduction of the EURCHF pair from the weaving heights seems very likely.
Current prices for EURCHF are an object of interest also because for a long time in this place the Bank of Switzerland established an "invisible" border, below which the rate was simply not allowed - the entered the foreign exchange market with aggressive interventions. And it was the breakdown of this zone after the official refusal of the Bank of Switzerland to keep the mark of 1.20-1.22, led to the fact that EURCHF demonstrated a historical flash crash, declining (and simply collapsing) from 1.20 to 0.98.
In this regard, we recommend the sale of the pair around 1,1980-1,2000. Goals can be set as quite ambitious - 1,1500, and more conservative - around 1,1800. In any case, the current profit / risk ratio looks extremely attractive from the current points.