EURCHF - BEARISH BIAS
EUR - BEARISH
1️⃣ Investors turned to the greenback amid escalating tensions between the world's largest economies after President Donald Trump banned US transactions with two of the most popular Chinese apps, citing national security reasons.
CHF - BULLISH
1️⃣ Swiss consumer confidence index improved from a record low.
2️⃣ Diminishing hopes of a swift US economic recovery from the coronavirus pandemic forced investors to continue dumping the USD.
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Technical
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- We looking to short EURCHF on SBR level + SMA50 area.
- EURCHF in bearish zone.
1️⃣ Investors turned to the greenback amid escalating tensions between the world's largest economies after President Donald Trump banned US transactions with two of the most popular Chinese apps, citing national security reasons.
CHF - BULLISH
1️⃣ Swiss consumer confidence index improved from a record low.
2️⃣ Diminishing hopes of a swift US economic recovery from the coronavirus pandemic forced investors to continue dumping the USD.
=====
Technical
=====
- We looking to short EURCHF on SBR level + SMA50 area.
- EURCHF in bearish zone.
Trade closed: target 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.