EURCHF - SELL OPPORTUNITY
EUR - BEARISH
1️⃣ European stock markets traded mostly lower as investors fear that a second wave of infections in Europe could dampen the economic recovery.
2️⃣ The Eurozone's largest economy (Germany) contracted by 10.1% during the second quarter of 2020.
3️⃣ Euro area unemployment up to 7.8% in June.
CHF - BULLISH
1️⃣ The recent escalation in diplomatic tensions between the US and China added to market concerns that the economic recovery in the US could be grinding to a halt amid the resurgence in coronavirus cases.
2️⃣ Risk-off markets sentiment will help Swissy.
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Technical
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- Im shorting EURCHF on SBR level + SMA50 area.
- USDCHF in bearish mode.
1️⃣ European stock markets traded mostly lower as investors fear that a second wave of infections in Europe could dampen the economic recovery.
2️⃣ The Eurozone's largest economy (Germany) contracted by 10.1% during the second quarter of 2020.
3️⃣ Euro area unemployment up to 7.8% in June.
CHF - BULLISH
1️⃣ The recent escalation in diplomatic tensions between the US and China added to market concerns that the economic recovery in the US could be grinding to a halt amid the resurgence in coronavirus cases.
2️⃣ Risk-off markets sentiment will help Swissy.
=====
Technical
=====
- Im shorting EURCHF on SBR level + SMA50 area.
- USDCHF in bearish mode.
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.