On October 28 European Central Bank held a press conference. Inflation has hit Europe and now the time has come for more profound steps in the fight with the post-pandemic economy. What should we know to trade these events?
How about CHF/JPY?
2020-10-20 • Updated
CHF/JPY retraced 61.8% of its August-September decline, corrected down, formed a higher low above the 100-day MA and now seems eager to rise to the 78.6% Fibonacci level at 116.90. The Awesome Oscillator is turning up from the zero area, so there is plenty of scope for the advance.
Trade idea for CHF/JPY
BUY 116.20; TP 116.90; SL 116.00
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