This medium-term trade relies on the idea that the Swiss National Bank is dovish in respect to its growth and inflation prospects and lockdown measures.
From May 2020 to February 2021, there has been an upward slope in the chart of EURCHF. I believe things will continue the way they are.
Reasons to buy:
Upward drift
A dip in the EURCHF trend to a 38.2% Fib.
Horizontal support
PuHd
Projection:
1.1329 to 1.1400
Time Projection:
May 11, 2021 - June 28, 2021
Trade active:
Comment:
60 minute:
Comment:
A fundamental and technical look at EURCHF and why investors should buy it:
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
