USDCHF
Entry: 0.9775
SL: 0.9743
T1: 0.9836
T2: 0.9860
Fundamental:
Overall risk-on theme in the market
Anticipation of the USD interest rate hike
Technical:
Mid-term ascending triangle
*Price action met resistance at long-term downward trend channel. Opportunity to short if USD decreases in value and/or CHF increases in value.
Entry: 0.9775
SL: 0.9743
T1: 0.9836
T2: 0.9860
Fundamental:
Overall risk-on theme in the market
Anticipation of the USD interest rate hike
Technical:
Mid-term ascending triangle
*Price action met resistance at long-term downward trend channel. Opportunity to short if USD decreases in value and/or CHF increases in value.