- December 22, 2020
- Posted by: virtualxstore
- Category: trading
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EUR – BEARISH
1️⃣ Investors sought refuge in the dollar after a fast-spreading new coronavirus strain in the UK led several countries to close their doors to travelers from the country.
2️⃣ The dollar strength could pressure the EUR.
1️⃣ Investors sought refuge in the dollar after a fast-spreading new coronavirus strain in the UK led several countries to close their doors to travelers from the country.
2️⃣ The dollar strength could pressure the EUR.
CHF – BULLISH
1️⃣ The risk-off tone boosted the safe-havens like the CHF.
2️⃣ Investors remain worried about fast-spreading strain of the novel coronavirus identified recently in England has caused travel chaos in the country as France, Germany, Italy, the Netherlands, Austria, Belgium, and Ireland move to suspend travel.
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Technical
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We are selling the EURCHF below the SBR + SMA 50 on the H1 chart.
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