Good day everyone
Here's an idea on the EURCHF pair, The EURO has been strong against most major counterparts in the previous weeks in which global sentiments and the counter currency flow where the main drivers.
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> With the European Central Bank (ECB) we saw some short-term buying for the EURO on Thursday.
> As i had mentioned the EURO has had some strong gains as we saw it hit 3 months high on Friday against the dollar after the European Central Bank (ECB) expanded its stimulus programme
> INVEST.COM - Head Of Mizuho Bank Peter Chatwell " The EURO will keep rallying and more towards $1.20 ,adding that ECB ha " dramatically" supported the EURO by reducing tail risk
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EURCHF support for the EURO was bolsted on wed when Germany launched a 130 Billion EURO stimulus packaged after last months supporting a European union recovery fund that would bring the bloc closer to a fiscal union , EURCHF hit 5 months high while the European single currency rose to 13 month high against the EURJPY..
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We broke resistance level 1.08636 just above 1.618 fib ext level pushed down for a retest of this level now support in the pair possibly signalling continuation to the upside so i will be looking for long entries in the pair...
target 1 - 1.09175
target 2 - 1.09664
sl & entry - follow your rules
RISK-MANAGEMENT
period - swing
Here's an idea on the EURCHF pair, The EURO has been strong against most major counterparts in the previous weeks in which global sentiments and the counter currency flow where the main drivers.
.
.
> With the European Central Bank (ECB) we saw some short-term buying for the EURO on Thursday.
> As i had mentioned the EURO has had some strong gains as we saw it hit 3 months high on Friday against the dollar after the European Central Bank (ECB) expanded its stimulus programme
> INVEST.COM - Head Of Mizuho Bank Peter Chatwell " The EURO will keep rallying and more towards $1.20 ,adding that ECB ha " dramatically" supported the EURO by reducing tail risk
.
.
.
EURCHF support for the EURO was bolsted on wed when Germany launched a 130 Billion EURO stimulus packaged after last months supporting a European union recovery fund that would bring the bloc closer to a fiscal union , EURCHF hit 5 months high while the European single currency rose to 13 month high against the EURJPY..
.
.
.
We broke resistance level 1.08636 just above 1.618 fib ext level pushed down for a retest of this level now support in the pair possibly signalling continuation to the upside so i will be looking for long entries in the pair...
target 1 - 1.09175
target 2 - 1.09664
sl & entry - follow your rules
RISK-MANAGEMENT
period - swing
Trade closed: stop reached
