USDCHF: Closes Flat, Faces Corrective Pullback Risk Short

U.S. Dollar/Swiss FrancFXCM

Description

⋅ Feb 7, 2015 12:36 PM

With a flat price action trading occurring the past week, risk of an impending corrective pullback continues to loom. We in a favour of a corrective pullback.

Strategy: Sell at 0.9229, Stop loss at 0.9311, Price target at 0.9129 & 0.9091

USD (US Dollar)Daily Charts analysis