
Historically, the stability of the franc is caused by the solid Swiss economy and a highly developed banking system…
2019-11-11 • Updated
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.
Historically, the stability of the franc is caused by the solid Swiss economy and a highly developed banking system…
Dovish ECB and hawkish Fed paint a bearish outlook for the EUR/USD. Is declining to 1.0770 the next stop?
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