Good day, dear traders! Today, the single European currency is losing its value. In EUR / USD, the pair is now "at a steep peak", so I do not recommend working against the trend. However, as part of grid trading, I want to offer a trading idea of buying euro through the EUR / CHF cross rate, as it has a fairly clear pattern, like many major crosses. Let me remind you that almost all currency pairs containing the Swiss franc has limited volatility, so they are very popular with traders. The most striking tool is CAD / CHF, whose range has fallen by several hundred points. Nevertheless, EUR / CHF also has its own patterns, so let's see.
The highest non-rebound rate for this pair is 13500p.
Anything below this figure is abnormal for the cross, and, according to observations, the best zone for entering the counter-trend is a false breakdown of the average (or in our case, the highest) rollback for the pair. This is the 1.06300 level in EUR/CHF. Below it, I recommend setting the limit purchases in increments of 500-1000p, and closing the entire grid on the return.
This is exactly the same as we did in the AUD/NZD pair: /en/analysis/24493...
You can calculate volumes using the trader's calculator.
Good luck in trading and control your risks!
