Today Switzerland has agreed on the issue of the Swiss interest rate. As expected, they chose to leave it unchanged at the level of -0.75%. In addition, a presentation was made with an assessment of the monetary policy of the National Bank of Switzerland.
An auction on the placement of 10-year Treasury bonds will take place in the UK today.
After reviewing our chart and technical indicators, we see that the price has broken the Bollinger's level and rushed down at the moment. Considering the motion of the pair from the side of the wave analysis, we can assume that a second "corrective" wave is being formed now. In this case, we will expect a rollback to the level of 1.3120.
Therefore, in case of a confirmation of the formation of this wave, it is advisable to take short positions and seek targets near the level of 1.3120 and its possible break.
