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tomstewy
Mar 25, 2021 3:45 AM

USDCHF capped at topside resistance prior to SNB Rate Decision Short

U.S. Dollar/Swiss FrancFXCM

Description

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

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