SECURE_THE_BAG

EURCHF order flow based ^LONG^

Long
FX:EURCHF   Euro / Swiss Franc
What we saw last week on the EURCHF was a break-out of a major trendline. This was then followed by a retest of the last major level before the break of said trendline. With an increase in EUR strength outlook as well as a weak CHF (according to the latest COT reports), we can expect a push off of this level for a long position. Alternatively, markets could retest the previous major level in an attempt to create the liquidity for the rally up.

Let's secure this bag.
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.