EUR / CHF is not a major currency, but it is not a minor currency because it is a currency pair of the euro currency and the Swiss franc, which have an economic zone comparable to that of the United States. There are so many Europeans trading. The Swiss franc is said to be stronger than gold and is a reliable currency. It doesn’t move up and down like a roller coaster like GBP / CHF, but it moves moderately, so be careful about swing trading. It is recommended because it matches various trading methods.
Recommended for Forex beginners to advanced users. Extreme price movements are likely to occur, so it is possible that all funds will disappear with one shot. Suitable for all trading methods such as swing trading, scalping and day trading.
Recommended trading time
Trading becomes active when the London market opens. It will be actively traded until the end of the New York market. We do not recommend trading as Asian time is very quiet and lull.
Recommended trading style
Suitable for scalping, day trading and trend following, but especially for trend following. If you fit in, you can get a profit margin as much as you want, so it is highly recommended. However, when it goes the other way around, it is completely defeated.
Economic indicators to watch out for
There are so many euro indicators, as well as economic indicators such as Germany, France and Italy. There are a lot of indicators, but if you keep interest rate policy, GDP, and unemployment rate low, it will be okay for the time being.
The Swiss index also rarely moves that much. Watch out for unemployment, policy rates, GDP and more. However, please note that the Swiss index is closely related not only to Switzerland but also to the gold market and the euro area, so it is necessary to pay attention to the euro market.
When the euro moves
The euro is the common currency of the European Union. Therefore, there are many things to see because they are influenced by many European nations. Of particular note is Germany. It has the greatest power and influence in the European Union, so it has a huge impact on the market.
When the Swiss franc moves
Watch out for gold as well as Swiss indicators. Since Switzerland has 40% of its currency as gold, a rise in gold prices could lead to higher asset values, as well as the Swiss franc. In the opposite case, it will fall, so be careful. It is also highly relevant to the euro market. Due to its close geographical and economic implications, it is always necessary to check the market conditions in the euro area. Keep an eye on trends in major countries such as Germany, France and Italy.