The exotic eur/chf, July 2nd

As you all must be aware a Minor currency pair is one which does not have the dollar on either side, like #EURCHF, #NZDCAD, #EURAUD, #AUDNZD etc. Trading these minor pairs opens up a huge trading window for us for there are about 28-30 of them, may be more
At Tradecuts, we try to grab these opportunities greedily, as the flow of pips is always welcome be it from a major, minor or an exotic one. Here’s our outlook for EURCHF for 2nd of July.

tp numbers are wrong, pitty

EURCHF - The ratio of long to short positions in the EURCHF stands at 27.76 as 97% of traders are long. Yesterday the ratio was 29.80; 97% of open positions were long. Long positions are 0.6% higher than yesterday and 13.8% above levels seen last week. Short positions are 7.9% higher than yesterday and 0.6% above levels seen last week. Open interest is 0.8% higher than yesterday and 22.3% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the EURCHF may continue lower. The trading crowd has grown less net-long from yesterday but further long since last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

Compliments of DailyFX.

27.76 to 1.

Do with it as you may.


Hi etfak,
Yes the tp was a misprint. Sorry about that. It should be 1.2181.
Thanks for pointing it out. :slight_smile:

Hey Jake,
Really appreciate the detailed analysis of this pair. All your facts maybe right but we still hold by our bias. The pair has been moving side ways and as of now is on the positive side of break even. As you may note price is making an attempt to break above the immediate resistance. remains to be seen how the candle closes today.
Thanks again for your feedback.
(For TradeCuts)

Yes etfak, you are right. It was a misprint. Correct tp is 1.2181.
Thanks for pointing it out.
(for TC)


Are you still on this trade or have you closed


Hi Huck, Its a pleasure to hear from you.
Our trade closed out hitting trailing sl :rolleyes: But yes, we did make 14 pips. Better than nothing :slight_smile:
Take Care.