EURCHF

Major currencies have rallied against the Swiss Franc towards the close of 2022. Early in the year, we saw the Swiss Franc(CHF) recover against major currency pairs where we say a bearish imprint against cross CHF pairs. The Euro has signs of weakening against the Franc, we a re looking at shorting opportunities at 1.008 targeting to exit at 0.968

How do we intend to trade this pair. Presently, we are in the completing a bullish correction where we seek to enter the market from two points; the aggressive or conservative entry. We favor the conservative entry at 1.0083. Where are we targeting to exit? Depending on your trading style, there are multiple exits available. The most conservative exit is 0.9685 while the aggressive entry is 0.952.