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EUR/CHF Signal - CHF SNB Bulletin - 22 Sep 2021

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Signal Details
Entry Price: 
1.0828
Take Profit: 
1.0880
Stop Loss: 
1.0780
Direction: 
Buy
How we trade
Average: 5 (1 vote)

EURCHF has traded into a key support after forming a double bottom on the daily chart. Later today the SNB will release their quarterly bulletin which outlines their perspective on the Swiss economy. Technically the pair is at support, and the RSI has traded into overextended levels. We anticipate a bounce from here to the 1.0880 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.