Home News Closing EUR/CHF After the Tumble, on Deteriorating Risk Sentiment – Forex News by FX Leaders – FX Leaders

Closing EUR/CHF After the Tumble, on Deteriorating Risk Sentiment – Forex News by FX Leaders – FX Leaders

9 min read
0
0

The 1.07 level has been broken today

Posted Wednesday, October 28, 2020 by





Skerdian Meta



• 1 min read

The risk sentiment in the forex market has turned sour today. Safe havens, such as the JPY and the CHF, are climbing higher, while risk currencies, such as commodity dollars and oil are declining pretty fast. The stock markets felt this downturn in sentiment earlier this month, as they have already been bearish for two weeks.

The increasing coronavirus restrictions in Europe are showing their negative effects already, and the announcement of new restrictions today, from Germany and France, turned the sentiment even more negative. We had already been short on the EUR/CHF since last week, with the trend already being bearish.

The EUR/CHF tried to turn bullish yesterday, but the 100 SMA (green) stopped the climb for the second time and reversed the price down. Today, the sentiment turned more negative, giving this pair another push down below 1.07. The price hit our take profit level, so our sell forex signal here closed in profit.

About the author



Skerdian Meta


// Lead Analyst


Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank’s local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

Related Articles



8 mins ago



1 hour ago



2 hours ago

Leave a Reply

  Subscribe  

Economic Calendar

Wednesday, October, 28 2020

14:00GMT

CAD

Thursday, October, 29 2020

00:00GMT

NZD

12:30GMT

USD



BUILD YOUR WATCHLIST

Track signals, important economic events and save articles in your watchlist

SL: 1.437

TP: 1.3237

Top Brokers

EUR/USD spread

Gold spread

0.9

0.34 USD

N/A

N/A

0.0001

0.40 USD

3

0.45 USD

2

0.70 USD

FX LEADERS PREMIUM ACCOUNT

NEVER MISS A
TRADE AGAIN

Real-time signal notifications whenever
a signal is opened, closed or updated.

Immediate alerts to your email and mobile phone.

Entry price level for every signal.

.fxml-popup-modal-content
background-color: #e8eae9;
margin: 3% auto;
width: 26rem;
border: 5px #0A9E01 solid;

.fxml-popup-modal-content .fxml-close
color: #acaaaa;
font-weight: bold;

@media (max-height: 900px)
/* Pop Up registration modal */
.fxml-popup-modal-content
max-height: calc(100% – 75px);
overflow-y: scroll;
width: 28rem;

.fxml-popup-modal-content .intro
background-image: url(https://d1nsb2kebuy3pr.cloudfront.net/wp-content/themes/fxml/assets/images/brokers/pop-up-bg.png);

#fxl-popup-modal-form .selected-flag
background-color: transparent;

.fxl-checkbox + label:before
border: 2px solid #c0c0c0;

.checkbox-required + label:before
border: 2px solid red;

.fxml-sec-modal-content
background-color: #e8eae9;
margin: 3% auto;
width: 55rem;
border: 5px #2fbd0d solid;
color: #acaaaa;
position: relative;

input#btn1
border: none;
padding: 4px 25px;
font-size: 1.4rem;
background: #2fbd0d;
font-weight: bold;
color: #ffffff;

input#btn2
border: none;
padding: 4px 61px;
font-size: 1.4rem;
background: #969796;
font-weight: bold;
color: #ffffff;

@media (max-height: 900px)
/* Pop Up registration modal */
.fxml-sec-modal-content
max-height: calc(100% – 75px);
overflow-y: scroll;
width: 56rem;

.fxml-popup-third-modal-content
background-color: #e8eae9;
margin: 10% auto;
width: 23.13rem;
border: 5px #2fbd0d solid;
color: #acaaaa;

#fxl-popup-third-modal .selected-flag
color: #000;
background-color: transparent;

Let’s block ads! (Why?)


Source link