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EUR/CHF Signal - EUR ECB Speech - 24 Aug 2021

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Signal Details
Entry Price: 
1.0721
Take Profit: 
1.0675
Stop Loss: 
1.0760
Direction: 
Sell
How we trade
Average: 5 (1 vote)

EURCHF is trending to the downside prior to the EUR ECB Speech today, and we anticipate continued downside into the 1.0675 level. Technically price has pulled back into the moving average ribbon, which are currently in a bearish cross.

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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.