EURCHF Sell to 0.95000 (Update)
Fundamentals:
EUR: Same concerns as last week. Energy crisis heading into winter.
CHF: To capitalize as a safe-haven in the Eurozone along with SNB recently becoming hawkish with intent to raise rates above negative.
Technicals:
There are really no past data that we can look at to identify key levels for potential market reactions.
Price currently at an impulse leg after breaking 0.97 key level.
Next levels price could go to would be 0.96 and 0.95 psychological levels which could have some sort of reactions.
Potential rejections of said level would offer scale-in opportunities around 0.97 again to target 0.95 which is the target of many major firms (stated in paid research).
What do you think?
Cheers!
EUR: Same concerns as last week. Energy crisis heading into winter.
CHF: To capitalize as a safe-haven in the Eurozone along with SNB recently becoming hawkish with intent to raise rates above negative.
Technicals:
There are really no past data that we can look at to identify key levels for potential market reactions.
Price currently at an impulse leg after breaking 0.97 key level.
Next levels price could go to would be 0.96 and 0.95 psychological levels which could have some sort of reactions.
Potential rejections of said level would offer scale-in opportunities around 0.97 again to target 0.95 which is the target of many major firms (stated in paid research).
What do you think?
Cheers!
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