Trade Background:
Price continues to move higher alongside global equity market. The risk on we're seeing is causing the Swiss Franc, a currency known to be a safe heaven, to devalue since mid November. As price approaches final resistance level, look for a potential reversal. Keep in mind that the pair will most likely reverse alongside a broad global market correction.
Trade Idea:
Entry: 0.64100 - 0.64300
Exit: 0.64500
Stop Loss: 0.63300
Price continues to move higher alongside global equity market. The risk on we're seeing is causing the Swiss Franc, a currency known to be a safe heaven, to devalue since mid November. As price approaches final resistance level, look for a potential reversal. Keep in mind that the pair will most likely reverse alongside a broad global market correction.
Trade Idea:
Entry: 0.64100 - 0.64300
Exit: 0.64500
Stop Loss: 0.63300