ridethepig
Short

An update to our USDCHF chart

FOREXCOM:USDCHF   U.S. Dollar / Swiss Franc
=> As widely expected since earlier in the week CHF catching a bid from the safe have flows.
=> Draghi et al confirming today that "risk-off" is around the corner and those sharp enough have been positioning already... here we are almost ready to start clearing our positions.
=> For those still tracking the cross the double top will now cap any meaningful upside for the year and towards the downside the only levels below here that we have our eyes on are 0.96 and 0.952x
=> Best of luck and well done all shorts
I agree with your bearish view on USDCHF. Our trading signal idea is also of the same bias. We have found resistance level at 0.9653 which is also a 23.6% fibonacci retracement.
Additionally, our RSI shows that it is testing resistance as well.

Glad to see that we have the same bias for USDCHF.


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I think you can pull that target a whole lot further down ;)
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