Hi Folks:
Here's my view on this pair. From 1.10 to 1.05 without major corrections, so I think we are very close to a possible reversal.
But always keep in mind that CHF has been used as a safe haven currency and therefore, when economies are not performing well, investors tend to place their bets on Gold, CHF, Yen...
We are sitting on a support area and just opened few longs. Next ones will be right at the black line.
Mind that we are still trading below moving averages and hence we are still in bear territory.
Cheers
EURCHF
-------------------------------------------------
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Here's my view on this pair. From 1.10 to 1.05 without major corrections, so I think we are very close to a possible reversal.
But always keep in mind that CHF has been used as a safe haven currency and therefore, when economies are not performing well, investors tend to place their bets on Gold, CHF, Yen...
We are sitting on a support area and just opened few longs. Next ones will be right at the black line.
Mind that we are still trading below moving averages and hence we are still in bear territory.
Cheers
EURCHF-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.