EURCHF - Bearish Bias
EUR - WEAK BULLISH
1️⃣ Optimism about a strong economic recovery and signs of an acceleration in the vaccination pace in Europe.
2️⃣ The German government revised up its growth forecast to 3.5% this year from 3.0%.
3️⃣ A dovish twist was revealed in the post-meeting press conference when President Lagarde was asked whether scaling back the PEPP after Q2 was discussed and said no that would be premature at this stage.
CHF - STRONG BULLISH
1️⃣ CHF benefitted from broad weakness in the dollar.
2️⃣ Traders welcomed a further relaxation in Switzerland’s Covid-19 restrictions despite infections continued to rise gradually as the country has one of the highest rates of complete vaccination in Europe.
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Technical
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- We are selling the EURCHF at SBR on the M15 chart. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ Optimism about a strong economic recovery and signs of an acceleration in the vaccination pace in Europe.
2️⃣ The German government revised up its growth forecast to 3.5% this year from 3.0%.
3️⃣ A dovish twist was revealed in the post-meeting press conference when President Lagarde was asked whether scaling back the PEPP after Q2 was discussed and said no that would be premature at this stage.
CHF - STRONG BULLISH
1️⃣ CHF benefitted from broad weakness in the dollar.
2️⃣ Traders welcomed a further relaxation in Switzerland’s Covid-19 restrictions despite infections continued to rise gradually as the country has one of the highest rates of complete vaccination in Europe.
=====
Technical
=====
- We are selling the EURCHF at SBR on the M15 chart. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active
Trade closed: target reached
✅ TRADE HAS HIT TP+10 PIPS
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.