24.01.202011:12 Forex Analysis & Reviews: Where is the best place to buy euro?

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Good day, dear traders!

Usually, when people talk about the euro, they automatically imagine the EUR/USD pair and try to gush trading ideas within this popular tool among intraday traders.

Today though, in my opinion, there is one very interesting pair that was completely undeservedly forgotten by analysts - the EUR/CHF pair, which is now developing a very interesting situation.

Before moving on to the chart, I would like to remind you that almost all pairs involving the franc has limited volatility. Making them very popular with representatives of the grid world of traders. The most striking tool is, of course, CAD/CHF, whose range has fallen by several hundred points. Concurrently, the EUR/CHF also has its own patterns. Let's see.

It is clear that the average rollback in recent years at EUR/CHF is 13500p for 5zn. This is not a lot, and not a little, which is normal for the tool. After the passage of such trends, you can expect a reversal or correction, where you can actually earn profit. Good news is, right now, it so happened that the pair is trading at the average historical lows in the immediate vicinity of the so-called "platform" at the level of 1.06200.

I suggest setting a grid of limit purchases under this level in increments of 500P (5zn), with the calculation of the volume according to your deposit on the trader's calculator.

Good luck in trading and have a good weekend!

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.