EUR/CHF: it’s hard for the euro

EUR/CHF: it’s hard for the euro

Trade idea

SELL 1.1390; TP1 1.1360; TP2 1.1310; SL 1.1405

EUR/CHF met resistance at the 50-week MA around 1.14. The Moving Average has recently formed a “dead cross” with the 100-week MA. Given the fact that EUR/CHF is overbought on lower timeframes, it will likely turn down towards the middle of the trading range which has been in place since August.

EURCHF 18.png

Similar

USD/CAD has rebounded

The USD is helped by the demand for it as a safe haven and the lack, while the CAD is pressured by the declining oil prices.

Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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