EUR - BEARISH
1️⃣ European stock markets traded mostly lower as investors fear that a second wave of infections in Europe could dampen the economic recovery.
2️⃣ The Eurozone's largest economy (Germany) contracted by 10.1% during the second quarter of 2020.
3️⃣ Euro area unemployment up to 7.8% in June.
CHF - BULLISH
1️⃣ The recent escalation in diplomatic tensions between the US and China added to market concerns that the economic recovery in the US could be grinding to a halt amid the resurgence in coronavirus cases.
2️⃣ Risk-off markets sentiment will help Swissy.
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Technical
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- Im shorting EURCHF on SBR level + SMA50 area.
- USDCHF in bearish mode.
1️⃣ European stock markets traded mostly lower as investors fear that a second wave of infections in Europe could dampen the economic recovery.
2️⃣ The Eurozone's largest economy (Germany) contracted by 10.1% during the second quarter of 2020.
3️⃣ Euro area unemployment up to 7.8% in June.
CHF - BULLISH
1️⃣ The recent escalation in diplomatic tensions between the US and China added to market concerns that the economic recovery in the US could be grinding to a halt amid the resurgence in coronavirus cases.
2️⃣ Risk-off markets sentiment will help Swissy.
=====
Technical
=====
- Im shorting EURCHF on SBR level + SMA50 area.
- USDCHF in bearish mode.
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