EURCHF
From the Technical views:
1. Price is moving along with the bearish trend line, more further downside is expected.
2. The potential target is the low of the previous consolidation zone as shown on the chart. Because most of the time, the price will test this low before moving to the upside.
From the Institutional's views:
1. Overall bullish bias on both EUR and CHF in the longer term of view.
2. But in the view of the short term, CHF is bullish than EUR from their perspective.
3. In the new data, more long positions were closed on EUR and more long positions were opened on CHF. Net positions of EUR slightly decreased and net positions of CHF slightly increased.
4. Weak EUR, strong CHF, so EURCHF should move to the downside before going to the upside.
How to approach EURCHF?
1. Can looking for the short opportunity on the lower timeframe at the moment, if your strategy's conditions are fulfilled.
2. SL above the trend line and TP can be the low of the previous consolidation zone.
The result might not follow my analysis, this analysis is based on TA and COT perspectives.
Comment down below let me know your view on EURCHF.
1. Price is moving along with the bearish trend line, more further downside is expected.
2. The potential target is the low of the previous consolidation zone as shown on the chart. Because most of the time, the price will test this low before moving to the upside.
From the Institutional's views:
1. Overall bullish bias on both EUR and CHF in the longer term of view.
2. But in the view of the short term, CHF is bullish than EUR from their perspective.
3. In the new data, more long positions were closed on EUR and more long positions were opened on CHF. Net positions of EUR slightly decreased and net positions of CHF slightly increased.
4. Weak EUR, strong CHF, so EURCHF should move to the downside before going to the upside.
How to approach EURCHF?
1. Can looking for the short opportunity on the lower timeframe at the moment, if your strategy's conditions are fulfilled.
2. SL above the trend line and TP can be the low of the previous consolidation zone.
The result might not follow my analysis, this analysis is based on TA and COT perspectives.
Comment down below let me know your view on EURCHF.
כתב ויתור
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