ridethepig | EURCHF Market Commentary 2020.01.16

A good time to update the daily chart in EURCHF with Euro starting to trade firmer on the crosses and the CHF run beginning to show signs of unwinding. The 1.074x is starting to look very weak and will give way to sweep all the way down towards 1.062x, here looking to increase exposure; should we visit 1.080x I will not hesitate to increase sizings.

For those tracking the Long-term macro chart we remain in the same updated map:

Currency manipulation is once again a hot topic with US putting China back on the 'nice' list, smelling SNB to become the next deer in the headlights as CHF inflows are impressive and I believe sharp money is going to test the limits.

Good luck those in EURCHF - an advanced chart for the move towards 1.06xx.

Operación cerrada: objetivo alcanzado:

A flawless ride here guys, well done sellers.