EUR/CHF: Heavy in early Europe as big Swiss players sell

The 38.2% retracement of the 1.2080/1.2410 rally comes in at 1.2285 so that’s a possible target for the bears. Volatility is high in this pair at the moment with EUR/USD and USD/CHF tending to move in the same direction, leading to big moves in the crosses.

Edit: Now hearing some GBP/CHF selling also went through.

  1. I went long EUR/CHF on the recent dip down to 2330 targeting 2400. Let’s see how it works out, if we cross 2400 convincingly, I’ll add to it aggressively.

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