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EUR/CHF Signal - CHF Foreign Currency Reserves - 7 Jul 2021

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Signal Details
Entry Price: 
1.0925
Take Profit: 
1.0955
Stop Loss: 
1.09000
Direction: 
Buy
How we trade
Average: 5 (1 vote)

EURCHF has found support today prior to the CHF Foreign Currency Reserves data, which shows the amount of foreign currency held in the SNB reserves. Technically the pair has found support and we anticipate upside as a mean reversion, into the 1.0955 level.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.