maccabean
Long

USDCHF approaching extremely important resistance area.

FX:USDCHF   U.S. Dollar / Swiss Franc
Any break above the 13 year resistance line, and it'd be very hard to predict where the rally will end.

In any case, I'd expect the price to hit the resistance areas, consolidate and continue up as Jordan considers a response to increased ECB action. I expect that he will deepen negative interest rates to ward off EUR/CHF             depreciation. The Swiss economy is faltering and action needs to be taken.
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