EURCHF - Bearish Bias

27 Nis 2021

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.

27 Nis 2021

İşlem aktif

27 Nis 2021

İşlem kapandı: hedefe ulaştı

✅ TRADE HAS HIT TP

+10 PIPS