tomstewy

USDCHF capped at topside resistance prior to SNB Rate Decision

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
USDCHF is capped at resistance prior to the CHF Rate decision & statement, which may give the SNB a chance to be suprisingly hawkish following months of positive economic data out of Switzerland. The RSI & PPO have both generated sell signals. Price is also around the 50% fibonacci & trendline on the daily chart (not pictured)
Trade closed: stop reached