Thursday, May 19, 2022

EURCHF FURTHER DIPPENS

The main trend on the eurchf is bearish. It has been on the dips for years. And currently it is on the move to further dippen. Therefore the euro further weakens against the strength of the Swiss franc. To trade the eurchf wait for a retracement above the ma and take a good entry at 1.03315. You can place a sell limit. But don't forget to put your stop loss and take profit. Stop loss should be at 1.03593 while take profit should be at 1.02083. That's my bias for today.

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