EUR/CHF ready to bounce?

Swiss Franc ready to move against the Yen?
June 19, 2018
Fore markets showing possible reversals for the week of June 25
June 24, 2018
Chris looks at the EUR/CHF pair for the upcoming 22nd of June. The market has recently broken down significantly to reach down to the psychologically and structurally important 1.15 handle underneath, which is an area that has been tested several times. The market has found a bit of a support level to be active here, and it's likely that the market could have a short-term trading opportunity present itself. By forming a couple of hammers, it's likely that we will see the buyers come in and try to pick up value, as we may have gotten a bit ahead of ourselves. Divergence on the MACD indicator should be something that people pay attention to as well, but I don't think that this is some type of major trend change, rather I think it is a short-term opportunity. On the other hand, if we can break down below the lows of the trading session for Thursday, that could lead this market to the bottom of the initial surge lower from last week as the European Central Bank had suggested that interest rate hikes were coming for at least a year. This is obviously a situation that will remain volatile, as the economies are so highly intertwined. However, I think that you will need to be nimble to take advantage of what I see is a short-term opportunity, possibly a 75 pip "smash and grab."

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