Once in a month, the euro has a very special day of increased volatility at the start of the European trading session.
CHF: losing value
Information is not investment advice
The Swiss franc is losing value, especially against the EUR and the USD: EUR/CHF rose to 1.090 and USD/CHF above 0.90.
Technically, that might be an excellent chance to enter the market. To do that, you will be looking for a bearish reversal/correction that will inevitably happen somewhere on the way. As we neither catch falling knives nor launching rockets, you’d wait until bulls stop pushing. Then, once you start seeing red candles, try to find confirmations that it’s going to be a reversal, and sell. Otherwise, the secondary plan is a temporary sideways move before the next upswing takes place – a series of shorter bearish candles may be a good indication for this scenario.
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One of the most significant economic indicators for the US dollar will come out on Friday at 15:30 MT (GMT+3) - NFP.