EUR/CHF Signal - EUR Eurogroup Meeting - 12 Jul 2021

Signal Details

Entry Price:

1.0852

Take Profit:

1.0792

Stop Loss:

1.0885

Direction:

Sell

How we trade

EURCHF is trending to the downside prior to the EuroGroup Meeting, attended by the Eurogroup President, the Finance Minister of each Member State of the euro area, the Commissioner for economic and monetary affairs, and the President of the European Central Bank. The meeting discusses progress on a number of projects within the Eurozone. Technically the pair has broken below a key structure level which has now become resistance. The RSI is giving a sell signal, and we anticipate continued downside into the 1.0792 level.

Submitted by Toni H. on Sun, 11 Jul 2021 23:54:50 GMT

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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.

EUR/CHF Signal - EUR Eurogroup Meeting - 12 Jul 2021

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