FX: Euro To Swiss Franc Trading. EUR/CHF - What Are The Tips?

Serious liquidity crisis? According to Franklin Templeton, a massive, but unlikely deposit flight from Credit Suisse would have to happen

Relevance up to 08:00 2022-07-09 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Exchange Rates 08.07.2022 analysis

 

EUR/CHF has been declining since 2021. It lost nearly 12,000 pips and is currently trading below the yearly low. Since ahead is a cycle of interest rate hikes from the ECB, traders should consider placing a grid of buy limits in order to avoid taking losses.

 

Exchange Rates 08.07.2022 analysis

 

So, starting from the current prices, traders should place buy limits, with an increment of 500-1,000 pips. Take profit on a breakout, either at 1 pip above the first order or after a 1,000 pip movement.

This strategy is called grid trading, which is usually used on cross rates. It involves holding positions that are significant in time and distance. For this reason, we recommend using swap-free accounts, not increasing the volumes in the grid (0.01 standard lot for every $1,000 of the deposit), and monitoring price movements.

Good luck and have a nice day!

 

Read more: https://www.instaforex.eu/forex_analysis/315633

Serious liquidity crisis? According to Franklin Templeton, a massive, but unlikely deposit flight from Credit Suisse would have to happen

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