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jrashaadtrades

Swiss Franc Continuing Downward Pressure Against Dollar

U.S. Dollar / Swiss Franc (FOREXCOM:USDCHF)  
jrashaadtrades Updated   
FOREXCOM:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis
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trendanalysis
I'm bullish the dollar against everything save the Franc and Yen, though I think the Franc will give up ground within the next couple of weeks IF what looks like a preliminary Dollar rally holds. For now, watching this tight range. If demand levels hold, I'll be looking for a long entry with an initial target in the area of the Fib extension (green rectangle).
Trade active:
Last Friday I pointed out that I thought the Franc would yield up some turf to the Dollar, which seems to be the case this week. Right now the Dollar is testing recent supply area. Need to draw in a new support trendline. I'm currently LONG from 0.93878 with Target 1 @ 0.97275

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