Hi Traders, here is my analysis on EURCHF buys. This is based on the consensus for ECB today (in 36 mins of time of writing), which will create a short spike down for potential longs (if goes as planned). Combining this with the technicals, we can see 2 levels that are yet to be filled, on the weekly fib, and a daily fib. Of course, if news comes out the other way, then this analysis is no longer useful. I just wanted to share how I can combine the fundamentals with the technicals.
Comment:
Worked out to perfection as mentioned! :) The talks of quantitative easing was enough to push price down to the institutional pending orders for the anticipated long. Remember, the news is a cover up to help institutions reach their targets. :)