UBS-logoTrade Ideas are short term (mostly intraday) forex strategies realesed daily by UBS analytics. In todays release we can get to know with their ideas for such currency pairs like EUR/USD, EUR/CHF, EUR/SEK and EUR/NOK.


EUR/USD

EUR/USD momentum is still bearish and we’re not going to fight it. We plan to go short on the pair if it moves aboce 1,09 level. Since it still below that level we recommend fading rallies and wait for 1,0810.

EURUSDH4

EUR/CHF

Pair touched 1,08 area and corrected strongly. 1,08 is profit-taking area so without any new data it’s probably going to hold on EUR/CHF. We still recommend fading rallies towards 1.0880/1.09.

EURCHFH4

EUR/SEK

Slipped to 9,31 after yesterday’s strong Swedish GDP data. Gains are limited in this condition, we prefer selling the pair towards 9.36.

EURSEKH4

EUR/NOK

Oil supports NOK, when EUR/NOK is testing 9,40. Play EURNOK from the short side and try to fade incoming rallies.

EURNOKH4

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