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EURCHF continues to fall under Swiss franc pressure

EURCHF continues to fall under Swiss franc pressure

Nov 04 2021

by Michael Wallenberg
Analyst AZA

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EURCHF continues to fall under Swiss franc pressure

EURCHF continues to fall under Swiss franc pressure

The Swiss franc is slowly but surely putting pressure on the Euro. Currency quotes are gradually decreasing lower and lower. Now only the support level of 1.0545 keeps the price from falling further. In this trade, we set a not large target of 30 pips to the next support level.

Symbol: EURCHF
Order Type: Pending Order - Sell Stop
Entry Price at 1.0540
Take Profit at 1.0510
Pips Earning: 30

Forex trade strategy for major currency pairs:
EURUSD sell at the price of 1.1545
USDJPY buy at the price of 114.30
GBPUSD sell at the price of 1.3630
USDCHF buy at the price of 0.9150

The result of a trade recommendation.

EURCHF The result of a trade recommendation.

Daily trading analysis of the Forex currency pair
The profit can be $324.66 if the trading volume of 100000 EUR (1 Lot).

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