I really like the look of this week for a number of pairs, but one I will share is EURCHF.
Euro did improve current account and trade balances recently however the anticipated PMI upcoming data still shows a fairly bleak outlook and should reflect that in the early part of the trading week.
CHF is known as a safe heaven and with likely positive policy rates to be released, I'll be looking to take advantage of the swing down to 0.9525. There will be another entry made if we see 0.96 early in the week.
Euro did improve current account and trade balances recently however the anticipated PMI upcoming data still shows a fairly bleak outlook and should reflect that in the early part of the trading week.
CHF is known as a safe heaven and with likely positive policy rates to be released, I'll be looking to take advantage of the swing down to 0.9525. There will be another entry made if we see 0.96 early in the week.
Handel aktiv:
Order active
Kommentera:
Second order activated at 0.96. See how today closes
Trade stängt: Stopp nått:
CHF keeping rates at 1.75% is an unexpected data release and with that takes the position out